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Gamea chairs first carpet industry support committee meeting
27 January 2022  -  Organization :  -  Sector/Entity :  -  Category : Industry News

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The committee was formed within a national drive to boost the carpet industry.

Cairo- Jan 27, 2022

Minister of Trade and Industry has chaired the first meeting of the committee to support Egyptian carpet industry, established by the prime minister’s decree.

The newly-formed committee includes representatives of the ministries of finance, public sector and international cooperation; the Medium, Small and Micro Enterprise Development Agency; the National Service Projects Authority; the General Investment Authority; the chambers of textile industries and ready-made garments at the Federation of Egyptian Industries; the Furniture Export Council; along with a number of local carpet manufacturers.

“A comprehensive study is currently being conducted to develop Egypt’s carpet industry and boost its competitiveness both on local and international markets,” Gamea said.

The formation of the committee, she added, comes within a national drive to enhance the sector where Egypt enjoys great potential.

The meeting discussed maximizing the benefits from Egypt’s trade agreements to facilitate the entry of the its carpet exports to foreign markets and seeking new partnerships with targeted ones, providing technical and financial support to manufacturers, setting up a technical school to qualify workers, and expanding the participation of Egyptian companies in international carpet expos.

According to official data, Egypt’s carpet exports have witnessed an increase over the past five years, rising from $298 million in 2016 to $340 million in 2020.

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