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.
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.
ALCHEMPro News Desk (DS)
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