Egyptian ready-made garments exports to the American market through the QIZ protocol fell by 17 percent between January to November 2020. The Ready-made Garments Export Council said that the total exports during this period reached US$722 million compared to about US$ 867 million during the same period in 2019. The council data showed a decline in the total exports of ready-made garments in general during the same period, as their value decreased from $1.5 billion during the January-November period 2019 to $1.2 billion by 2020. Mohamed Qasim, a member of the Board of Directors of the Federation of the Egyptian Industries and former head of the Ready-Made Garments Export Council, said that the clothing export sector faces great challenges since the coronavirus outbreak which has impacted all world economies. The council data indicated a decline in exports to most of the foreign markets except for Arab markets, for which exports rose by 14 percent during the comparison period, reaching about $83 million compared to about $73 million during the same period in 2019.

Source: Egypt Independent January 24, 2021 15:21 UTC