Past Tense

Ancient Silk Road, an interchange of two very vintage civilizations. Today, the theme of the textile and garment commerce will one time afresh connection the two large homeland together.

In March this year, the Egyptian Investment and Free Zones General Assem Ragab Chairman of the team’s visit to China, namely Guangdong and Zhejiang to visit China’s textile powerhouse, is furthermore proposed to appeal China’s textile enterprises to proceed overseas, into Egypt.

Assem Ragab said Egypt has formed an initial group of three textile industry: in the Suez Canal city of Port Said (Port Said) and Ismailia (Ismailia) as the center, investment concentrated in the rough denim cotton yarn production and imports of rough Canal industrial group; in the Arab Borg (Borg Al-Arab) and (Amreya) and set up factories to the ports of Alexandria, Alexandria-based industrial group; and large areas of Cairo, the new industrial center. These are assigned to the Egyptian textile industry to provide attractive conditions.

Assem Ragab said, “Egypt’s clothes men paid out an midpoint of 550 U.S. dollars per year; women, weighed against with more than 900 U.S. dollars. And with this family member is very constricted in the household goods produced capacity. As a effect of less than 1000 native plants, Egypt need many from Turkey and other deal yarn and fabric products. “It is comprehended that the amount of the market in Egypt in Africa and second only to South Africa, for high, average and small demand for textile yield have. This is for Chinese enterprises, if in trade or financial endeavour, are fabulous enterprise opportunities.

In ushering in the hardware superiority of Egypt, Assem Ragab on the Road, “the Egyptian long-staple cotton material and ultra-long-staple cotton material in the fraction of the total worldwide annual goods produced of up to 35%. If you invest and set up production plants, vitality advantages. Egypt 0.3 yuan for each unit of electrical power , 3.5 yuan per cubic meter of natural gas, 93 is only 2.3 yuan per liter of gasoline. In augmentation, human supplies is in addition very small, the midpoint monthly pay same to about 600 RMB yuan, the development is in addition very talented technical knowledge workers. ”

Remove the hardware advantages, Egypt also has special software. Assem ragab that, Egypt has its own unique technical capabilities, which will help Chinese enterprises to learn from each other. “Compared with other countries in the Middle East, Egypt has the most complete vertically integrated textile industry. From cotton to yarn, fabric and clothing production, the entire production process can be completed at home. A whole 25% of the textile industry to focus on textiles production, which accounted for 12% of textile products, cotton, 8%, while the remaining 5 percent, compared with other cotton fabrics and textiles. Most of spinning (50%), weaving (60%) and curling (60 %) of all of the capacity of public enterprises, while 90% of garment production is a private enterprise. ”

Egypt to attach the Eurasian countries is going into Europe and America should overtake through the Road is furthermore the entrance to the world in Africa. Investment in Egypt to set up textile enterprises, means that get access to to the Egyptian household market, at the identical time the face of the Middle East, Africa and the foremost U.S. and European markets. Chinese trade items to the United States as an demonstration, tariffs in China is about 30%, and Egypt all the duty-free and quota-free. In supplement, Assem Ragab furthermore pledged the Government of Egypt’s textile commerce will farther enhance the trade items grants, from 8% to 12% in alignment to help the development of the textile industry.