Cairo International Textile Accessories Yarn Exhibition, Manufacturers, Wholesalers

Cairo International Textile Accessories Yarn Exhibition

TEX EXPO is the most professional surface yarn exhibition for the entire African market. This will greatly promote the development of transactions between China and Egypt. According to the statistics of the previous exhibition, 46% of the manufacturers piled up 10 to 50 customers, 29% of the manufacturers piled up 51 to 100 customers, 16% of the manufacturers piled up to 101 to 200 customers, and even 9% of customers Over 200 customers were successfully stacked at the exhibition. In addition, 70% of the exhibitors showed great satisfaction with the results of the exhibition, 25% showed satisfaction, and only 5% showed less satisfaction. At the same time, 93% of exhibitors expressed their willingness to continue to participate in the next year's exhibition. If you are interested in exploring the North African market, the Egyptian Textile Exhibition is undoubtedly the only shortcut to your market. Egyptian Textile Exhibition - you will open up the $70 billion import market every year! Egypt's textile and apparel market ranks second in Africa after South Africa and is the leader in the Middle East textile industry. Egypt's textile and garment industry is an important industrial sector in Egypt, accounting for 30% of national industrial production and 25% of national exports. With 6,481 textile companies, about 30% of the labor force serves the profession, and the need for textile fabrics, dyes and garments is greater for high, medium and low-grade textiles. The average consumption of Egyptian men’s clothing is $550 per year, while for women it is more than $900, which is in contrast to Egypt’s limited production capacity. Since there are less than 1,000 local factories, Egypt needs a large number of imported yarns and finished fabrics. This is an infinite business opportunity for Chinese companies, whether they are still trading or not. Reasons for choosing to participate in Egypt: Egypt is the largest textile manufacturer in the Middle East and North Africa (MENA). Egypt is the richest country in the Middle East and North Africa (MENA). Egypt is the second largest MENA after Saudi Arabia. The economic region of Egypt this year proposed a new global funding, reached an agreement with more than 15 free industrial zones, and maintained outstanding international relations. Geographical location and advantages: The territory of the Afghan territory spans the Asian-African continent, the north is separated from Europe by the Mediterranean Sea, the southwest is directly connected to the hinterland of the African continent, and it operates the world-famous sea passage connecting Asia, Europe and America - Suez Canal, Suez Canal Connect the Mediterranean Sea and the Red Sea, communicate the Atlantic Ocean and the Indian Ocean. Egypt has maritime transport, air transport connected to Europe, Asia and Africa, and land transport networks connected to African countries. The transportation is convenient. The population of Egypt is about 82.5 million, and the total population surrounding the Middle East and North Africa has reached nearly 600 million. The location conditions are superior and the radiation function is strong. The establishment of a textile company in Egypt means that in addition to entering the Egyptian domestic market, it faces the Middle East, Africa and major European and American markets. Economic Status: As a member of the Middle East and North Africa (MENA) region, Egypt is one of the most developed countries in Africa's economy and industry. The Egyptian economy is an open market economy and is increasingly diversified. In 2009, Egypt's total GDP reached US$155 billion, an increase of 5.18% year-on-year; total import and export reached US$83.809 billion, an increase of 19% over the previous year. Overall, the development trend of the Egyptian economy is very outstanding. The outstanding relationship with China's transactions: China is the top importer of Egypt. Although there are some famous yarns, fabrics and accessories in Egypt, it lacks more varieties, and the production of these species is not cost-effective in Egypt. Therefore, 70% of Egypt's yarn fabrics and 80% of accessories are necessary to import, while China is the target country for their import transactions and stricter trading relationships. In August 2015, China’s exports to Egypt increased by 42% and imports increased by 234%. According to China’s customs statistics, from January to August 2015, the import and export volume of bilateral goods between China and Egypt was US$8.567 billion, an increase of 14.73 over the same period last year. %. In the meantime, China’s exports to Egypt were US$7.866 billion, an increase of 18%. China imported 700 million U.S. dollars from Egypt, down 12.52%. The value of Chinese exports was 1.249 billion US dollars, an increase of 42.12% over the same period last year. In the meantime, China’s exports to Egypt were 1.146 billion U.S. dollars, an increase of 35.13%. China imported $103 million from Egypt, an increase of 234%. As of August, Egypt is China's 44th largest trading partner. Among the African countries, Egypt is the first country to establish diplomatic relations with China. The economic and trade cooperation between China and Egypt has maintained a rapid and healthy development momentum in recent years and has become a major highlight of China-Africa cooperation. The Egyptian government has also indicated through various channels that Egypt’s economic recovery plan is expected to lead to the attention of Chinese enterprises. This is a good news for our company. Preferential policies: Egypt's import and export transactions are mainly imported, which has certain dependence on the international market. In order to promote the development of foreign trade, Egypt adopted a series of measures such as further transaction liberalization, tariff reduction, lower operating costs, enhanced transparency in foreign trade handling, and adoption of incentive measures to improve port service, customs procedures, quality control and commodity regulation. In addition, the import tariffs have been greatly reduced, the production costs of domestic enterprises have been reduced, and the development of national industries has been supported. These have provided an outstanding market environment for foreign companies to enter the Egyptian and Middle Eastern markets. The free trade agreement between Egypt and the European Union, the Common Market for Eastern and Southern Africa (COMESA) and the Arab States, and the Qualified Industrial Park (QIZ) agreement with Israel and the United States, under these preferential agreements, can effectively avoid trading barriers. More active production of clothing and textiles, and exports to EU countries and the United States. At present, China’s tariffs on US exports are about 30%, while Egypt’s exports to the United States are all tax-free and not subject to quota restrictions.

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