Connect with us

Fashion

Apparel Export Council of Egypt sets $12-bn export target by 2031

Published

on

Apparel Export Council of Egypt sets -bn export target by 2031



Egypt’s apparel exports in the first half (H1) this year were worth nearly $1.608 billion—up by 25 per cent year on year (YoY), according to Apparel Export Council of Egypt (AECE) chairperson Fadel Marzouk, who 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 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)



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

Cambodia & Canada discuss strengthening economic ties

Published

on

Cambodia & Canada discuss strengthening economic ties



Cambodian Prime Minister Hun Manet and Canadian ambassador to the country Christian DesRoches recently discussed strengthening economic ties, while advancing preparations for the 20th Francophonie Summit scheduled for November this year.

In the course of a meeting with Hun Manet at the Peace Palace in Phnom Penh, Ambassador DesRoches expressed appreciation for the long-standing diplomatic ties, highlighting the steady progress in bilateral relations, particularly in trade and Canadian investment in Cambodia.

The envoy underscored his country’s commitment to supporting Cambodia’s successful hosting of the 20th Francophonie Summit. He stressed Canada’s commitment to further strengthening and expanding cooperation between the two countries, especially in trade and economic relations, while also reaffirming support for Cambodia’s development priorities.

Cambodian PM Hun Manet and Canadian ambassador to the country Christian DesRoches recently discussed strengthening economic ties, while advancing preparations for the 20th Francophonie Summit scheduled for November.
The envoy stressed Canada’s commitment to further strengthening and expanding bilateral cooperation, especially in trade and economic ties, and reaffirmed support for development priorities.

He thanked Cambodia for its support in promoting Canada’s economic cooperation with the Association of Southeast Asian Nations (ASEAN) and advancing negotiations for the ASEAN-Canada Free Trade Agreement (ACFTA), expected to be concluded and signed soon, according to Cambodian media reports.

Fibre2Fashion News Desk (DS)



Source link

Continue Reading

Fashion

US CBP to soon launch electronic system for importers to claim refunds

Published

on

US CBP to soon launch electronic system for importers to claim refunds



US Customs and Border Protection (CBP) recently announced that it will launch an electronic system on April 20, enabling importers to submit and process tariff refund claims more efficiently.

CBP is developing the Consolidated Administration and Processing of Entries (CAPE) functionality within the Automated Commercial Environment (ACE) to streamline the submission and processing of valid refund requests for duties imposed under the International Emergency Economic Powers Act (IEEPA), as authorised by court order or applicable law.

US Customs and Border Protection will launch on April 20 an electronic system that importers can use to claim tariff refunds authorised by court order or applicable law.
Phase 1 will be limited to certain unliquidated entries and certain entries within 80 days of liquidation.
Refunds will be issued within 60-90 days of the Consolidated Administration and Processing of Entries declaration getting accepted.

Phase 1 will be limited to certain unliquidated entries and certain entries within 80 days of liquidation.

CAPE is designed to consolidate refunds of IEEPA duties including interest rather than processing refunds on an entry-by-entry basis.

CBP plans to implement CAPE through a phased development approach, adding more functionality in subsequent phases for more complicated scenarios, it said in a release.

Valid IEEPA refunds will generally be issued within 60-90 days following acceptance of the CAPE declaration, unless a compliance concern requires further CBP review.

However, certain scenarios, such as entries that are extended, suspended or under review, and warehouse entries, will maintain their liquidation status with validated refunds issued at liquidation.

Fibre2Fashion News Desk (DS)



Source link

Continue Reading

Fashion

US’ Gap & FIT launch programme to mentor fashion students

Published

on

US’ Gap & FIT launch programme to mentor fashion students



At the FIT Annual Gala on April 14, Gap Inc. President & CEO Richard Dickson (NYSE: GAP) announced the launch of The Doris Fisher Creators Program, a new mentorship initiative developed in partnership with Gap Inc. and the Fashion Institute of Technology (FIT).

Named in honor of Gap Inc. co-founder Doris Fisher, the program reflects her legacy of creativity, curiosity, and belief in people. It also builds on Gap Inc.’s commitment to helping bridge the opportunity gap by creating stronger connections between education and careers in the fashion industry.

Gap Inc., led by Richard Dickson, has launched The Doris Fisher Creators Program with the Fashion Institute of Technology to mentor students in fashion careers.
Starting Fall 2026, the programme will offer structured mentorship, industry exposure, and networking for select students, honouring Doris Fisher and strengthening pathways from education to careers.

“Gap Inc. is a house of iconic American brands guided by our purpose — to bridge gaps to create a better world. That includes bridging the opportunity gap. FIT embodies that same spirit, bringing education and industry together to unlock talent and expand what’s possible. We’re committed to opening doors, investing in emerging creatives, and building meaningful pathways into this industry for the next generation,” said Dickson.  

The Doris Fisher Creators Program will connect FIT students with Gap Inc. leaders and creatives through a structured mentorship experience designed to provide exposure to the business of fashion, industry insights, and meaningful professional connection. 

The program will launch in Fall 2026 and run through the academic year, and the inaugural cohort will include students from select disciplines, including Fashion Design, Graphic Design (Apparel), and Fabric Styling.

“Supporting emerging talent is a core expression of Gap Inc.’s purpose in action. Through initiatives such as The Doris Fisher Creators Program — alongside This Way ONward, the Rotational Management Program, and our broader internship and mentorship efforts — the company continues to bridge the opportunity gap for young people looking to start meaningful careers in fashion and retail,” added Amy Thompson, Chief People Officer at Gap Inc.   

“We are incredibly proud to be the first public college to partner with Gap Inc. on this groundbreaking mentorship program. This remarkable opportunity with one of the world’s most iconic brands will support 30 talented FIT students over the next year, placing them at the intersection of innovation and impact,” said Jason S. Schupbach, president of FIT.

A benefit for the FIT Foundation, this year’s FIT Annual Gala honored Gap Inc. President & CEO Richard Dickson and was attended by distinguished guests and alumni including Ciara, Aloe Blacc, Zac Posen, Bob Fisher and others. 

The FIT Foundation provided scholarships totaling more than $3 million in 2025.

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)



Source link

Continue Reading

Trending