Despite The Political Turmoil In Egypt, The Garment Factories Are Still Operating Normally.

In July this year, the Egyptian economy began to falter in the political turmoil following the overthrow of the Muslim government led by the Muslim Brotherhood, but its garment manufacturing industry continued to operate and complete the delivery of orders. P

According to Bassem Sultan, executive director of Alexandra Dyetex, "the situation is not as bad as what everyone saw on TV. Fortunately, companies and factories are still operating as usual, and ports and banks are also open. So we are not affected so seriously. Generally, business is still not completely normal. Currently there are curfew from seven to six a.m., because retail stores are closed, the local retail industry is still affected, pportation is also, everyone is adjusting, curfew time may be shortened, and of course retailers are still worried, so a small number of people have taken orders."

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< p > according to the report of Hurriyet Daily News of Turkey daily in Turkey, some Turkey's "a target=" _blank "href=" //www.sjfzxm.com/ "> textile" /a "factory has been suspended to wait for the situation to restore stability. This is very important because Turkey enterprises invest in manufacturing industry in Egypt for an amount of US $1 billion 800 million.

It is not clear when the situation is unstable and when elections are held, and foreign investment has been scare away.

Bassem Sultan pointed out that "no new investment, no expansion plan, everyone is waiting, everyone is watching, while trying to maintain the current operation, the industry is currently missing funds, banks are mainly doing business of government units".

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< p > according to the information of Egypt Textile Export Council, the value of textile exports in the 1-5 months of this year is 2 billion 440 million Egyptian pounds (US $349 million), up 16.5% over the same period last year. However, Sultan said that the export volume of the whole year will be lower than that of last year, while the number of years to go is increased compared with the previous year (2011).

The European Union's trade statistics also confirm the continuing instability of the situation and the workers' strike, including the clothing industry, which has struck heavily on Egypt's exports.

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Last year, Egypt's textile and clothing exports to the European Union ranked seventeenth, amounting to 810 million euros ($1 billion), which was 12.6% lower than the 927 million euro of the previous year.

Similarly, in 2012, the total amount of Egyptian textiles and clothing exported to the United States totaled 1 billion 40 million US dollars from 2.8% of 2011 US dollars. In this case, the export of garment exports dropped from 902 million 800 thousand US dollars to 871 million 500 thousand US dollars, a decline of 3.5%; in 2013, the export of garments exported from 1-5 to us was only 786 million US dollars, a decrease of 6%.

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