Fashion
Apparel Export Council of Egypt sets $12-bn export target by 2031
The council targets $12 billion in exports by 2031 by raising the sector’s global competitiveness and attracting investment from countries like Turkiye, China, Vietnam and India, Marzouk said.
Egypt’s apparel exports in H1 2025 were worth nearly $1.608 billion—up by 25 per cent YoY, according to Apparel Export Council of Egypt, which has projected an annual export growth of 25-30 per cent for the sector.
The council targets $12 billion in exports by 2031 by raising the sector’s global competitiveness and feels the need to expand exports to African markets.
He also underscored the importance of expanding exports to African markets, citing rising demand and consumption in the continent’s rapidly growing economies.
Marzouk recently met Abdel Aziz Elsherif, head of the Egyptian Commercial Service (ECS), to discuss a comprehensive plan to boost Egyptian exports of apparel and textiles.
The meeting focused on strategies to promote sectoral growth, mitigate the negative effects of global trade tensions and attract foreign investment amid shifting global supply chains, a domestic media outlet reported.
Elsherif noted that a key component of the plan involves strengthening coordination between the ECS and export councils to fully leverage the efforts of Egypt’s commercial offices abroad.
The ECS will also facilitate direct engagement between Egyptian officials and major international importers, in addition to supporting promotional missions and participation in global exhibitions.
He said Europe is a key region where Egyptian exports could substitute goods from markets hit by trade conflicts and supply chain realignments.
AECE agreed to provide detailed information on Egypt’s export-ready production capacities and target markets to the ECS.
Fibre2Fashion News Desk (DS)
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Old Navy has introduced Little Navy, a new collection of newborn essentials designed to simplify early-stage shopping and gifting.
The range includes layettes, hats, booties and mix-and-match basics in soft, seasonless colours and cosy fabrics.
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Little Navy goes beyond onesies, offering layettes, hats, booties, and more, all in one convenient collection and no extra searching required. It features a soft, seasonless color palette, cozy fabrics, and versatile styles made for newborns and babies up to 24 months, with sizing that allows Little Navy to grow with baby.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
They said bank audit procedures have stalled numerous applications. Around Tk 57 billion in incentives for the textile and apparel sector remain unsettled in fiscal 2025-26, creating acute liquidity pressure and affecting exports.
Bangladesh trade body BGMEA representatives recently met Finance Minister Amir Khasru Mahmud Chowdhury and urged him to release pending cash incentives without waiting for quarterly release schedules and simplify the disbursement process.
They said bank audit procedures have stalled numerous applications.
They also raised concerns over loan rescheduling and working capital.
The authorities were requested to disburse incentives upon application submission instead of waiting for quarterly release schedules, according to a release from the trade body.
BGMEA vice president Mohammad Shihab Uddoja Chowdhury raised concerns over loan rescheduling and working capital. He said banks often reschedule loans to maintain non-performing loan ratios, but fail to provide the working capital factories need to resume operations.
He proposed that banks pair rescheduling with working capital support to create a win-win outcome, allowing factories to operate and repay loans. The finance minister agreed with the proposal.
BGMEA leaders also called for business facilitation and lower operational costs to help Bangladesh remain competitive in the global market. They sought policy support to remove obstacles in customs, ports and other administrative layers and to ensure an investment-friendly environment.
Fibre2Fashion News Desk (DS)
Bangladesh think tank Centre for Policy Dialogue has called for major reforms in business environment, tax collection, trade deals and FDI management, cautioning that the country’s post-election economic transition may be at risk without evidence-based decisions and strong accountability.
A CPD study identified ‘leaking revenue’ as the weakest area across all decision-making indicators.
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