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Gamea witnesses protocol signing between RMGEC, French textile industries federation
25 October 2021  -  Sector :  -  Entity :  -  Category : General

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The agreement aims to promote cooperation between Egypt and France in the field of textiles.

Paris- Oct 25, 2021

Minister of Trade and Industry Nevine Gamea has witnessed the signing of a cooperation protocol between the Egyptian Ready Made Garments Export Council (RMGEC) and the French Federation of Textile Industries “Union des Industries Textiles” (UIT), on promoting bilateral cooperation in the field of spinning and weaving.

Other attendees included representatives of the French Business Confederation “Mouvement des Entreprises de France” (MEDEF) and the French-Egyptian Business Council, in addition to a number of French companies working in the industry.

The event came during the minister’s visit to the French capital Paris as part of a high-level Egyptian ministerial delegation, led by Prime Minister Mostafa Madbouly.

“The private sector in both Egypt and France plays a key role in strengthening economic relations between the two countries during the next period,” Gamea said.

The Egyptian government, she added, aims to attract more French investments in the local market, which offers various incentives and access to markets of more than 2 billion consumers.

Gamea further stressed the ministry's keenness to boost trade between Egypt and France, which amounted to $1.831billion during the first nine months of the year.

On a related note, the Egyptian Commercial Office in Paris organized three meetings with French companies in the fields of electricity, energy, IT, communications, and infrastructure.

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