QIZ Webinar with USFIA and USTR
On March 22nd, 2022, QIZ Egypt organized a webinar with the U.S. Fashion Industry Association (USFIA) to promote Egypt as a mecca and sourcing destination for supplying the needs of major American ready-made garments buyers.
Ms. Julia Hughes the head of USFIA launched the webinar and Mrs. Marie Louis Bishara the President of the Ready – Made Garments Export Council, Mr. Ehab Mohi Eldin the Chairman of Alex Apparel the largest RMGs exporter to the U.S. and 50 of the largest RMGs American companies attended.
Dr. Ashraf El Rabiey, Head of the QIZ Egypt Unit, pointed out during the webinar that the past year witnessed many achievements by Egypt achieving about 50% growth rate, which was considered the highest growth rate among the top 20 exporting countries of textiles and ready - made garments to the U.S.
The past year also witnessed the visits of many investors from several Asian countries which are traditionally known for their textiles production including Sri Lanka which recently set up a factory in Egypt, as well as investors from Bangladesh and China who are currently studying shifting their investments to Egypt.
Dr. El Rabiey stressed on the importance of the American side considering carrying out their sourcing activities with Egypt based on the current global circumstances and the tendency of many American companies to search for alternative sources to supply their needs. This comes in addition to the rise of labor wages and shipping costs in many Asian countries and the tendency for further increases in these costs during the coming period, pointing that we are fully prepared to assist the American buyers.
Mrs. Marie Louis Bishara delivered a presentation entitled “Egypt: Your Duty Free Sourcing Destination”, in which she explained the latest developments in the ready – made garments and textiles industry in Egypt and the vertical integration in the industry. She invited the attendees of the webinar to attend the Egyptian Fashion Week which will be held in Egypt during the period 19th -22nd of May, 2022.
Following the webinar, QIZ Egypt Unit received a letter from Ms. Julia Huges the president of USFIA commending the joint efforts of QIZ Egypt in organizing the webinar and expressed her willingness to publish the data of the Egyptian Fashion Week among the American companies and she was furnished by the right data.
