EGYPT’S TEXTILE INDUSTRY SET TO BENEFIT FROM AFRICAN FREE TRADE TREATY
January 1st, 2019
The African Union’s African Continental Free Trade Area (AfCFTA) agreement is expected to provide a boost to Egypt’s garments industry and enable it to better compete in the global market, but logistics and Egyptian export red tape will pose a major challenge, say industry executives.
Last March (2018), 44 African governments (see link to list below) signed a consolidated text of a treaty, which is ultimately designed to remove trade barriers between 55 African nations with a combined population of more than one billion people and a combined gross domestic ...
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