Egypt’s textile exports face strong competition from Pakistan

According to Al-Ahram newspaper on the 25th, the president of the Egyptian Textile Export Association said that although Egypt’s textile exports have a long history, they are currently facing huge competitive pressure. He revealed that the price of Pakistani textiles exported to Europe is about 30% lower than that of Egyptian products. On the one hand, the European market is exempt from tariffs on textiles imported from Pakistan, and on the other hand, the Pakistani government provides high export subsidies. Egyptian industry insiders call on Egyptian government departments to integrate with international standards and provide more favorable financing tools to textile manufacturers and exporters.