According to the Readymade Garments Export Council, Europe has been allocated 30 percent of the Egyptian readymade garments’ exports.
The council plans to increase its ability to access the European market in cooperation with all export councils in Egypt, accelerating the completion of the Trade Ministry’s plan to increase Egyptian exports in accordance with the 2020 strategy.
The 2020 strategy was launched in November 2016 by Minister of Trade and Industry Tarek Kabil.
It includes five main components: industrial development, small and medium enterprise (SME) development and entrepreneurship, export development, training and technical education development, and corporate governance and development.
The strategy aims at increasing exports after strengthening the local industry. Exports recorded $22.4 billion in 2017, with an increase of $2 billion, while imports decreased $10 billion to $56 billion, compared to $66 billion in 2016.
