CHINESE CLOTHING COMPANIES TARGET EGYPTIAN TRADE ZONES AS ROUTE AVOID TRUMP TRADE WAR DUTIES
January 1st, 2019
A FREE trade zone system in Egypt, linking its businesses with Israeli suppliers, is being targeted by Chinese companies wanting to access the USA, as the Trump trade war risks exports to America through standard channels. The resulting investment has been welcomed in Egypt, but some clothing and textile industry commentators are warning that large Chinese firms could muscle out local players unless Egyptian businesses are given time to mature.
Indeed, while the Egyptian government is firmly behind increasing foreign investment via the country’s Qualifying ...
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