Interviews
Cotton exchange ties with Egypt
24 Aug '06
2 min read
Brazil and Egypt may expand business in textile sector by exchanging different kinds of cotton produced in respective country.
In this connection, a seminar was organized at Brazilian Textile and Apparel Industry Association (Abit), in Sao Paulo to enhance sales of Egyptian long staple and extra long staple to Brazil and to increases export of Brazil's medium staple cotton to Egypt as Egypt does not produce medium and short staple cotton.
Brazil imports Egyptian raw materials but Brazilian cotton is not exported to Arab countries.
Brazil's cotton imports soared 132 percent to US $2.43 million from Egypt while cotton thread imports grew 37.8 percent to $1.5 million in the first half this year, informed Brazilian Association of Cotton Producers (Abrapa), Haroldo Rodrigues Cunha.
Arab Brazilian Chamber of Commerce, Secretary General, Michel Alaby who participated in the seminar stated that Egypt and Mercosur countries including Brazil, Argentina, Paraguay and Uruguay should strengthen trade ties as textile industry of Egypt is much developed and has the potential to offer huge growth opportunities.
Abdel Mansour, the President of trading company Lotas stated that Egyptian cotton has many qualities such as texture, durability and light weight and it is known as 'White Gold'.
In this connection, a seminar was organized at Brazilian Textile and Apparel Industry Association (Abit), in Sao Paulo to enhance sales of Egyptian long staple and extra long staple to Brazil and to increases export of Brazil's medium staple cotton to Egypt as Egypt does not produce medium and short staple cotton.
Brazil imports Egyptian raw materials but Brazilian cotton is not exported to Arab countries.
Brazil's cotton imports soared 132 percent to US $2.43 million from Egypt while cotton thread imports grew 37.8 percent to $1.5 million in the first half this year, informed Brazilian Association of Cotton Producers (Abrapa), Haroldo Rodrigues Cunha.
Arab Brazilian Chamber of Commerce, Secretary General, Michel Alaby who participated in the seminar stated that Egypt and Mercosur countries including Brazil, Argentina, Paraguay and Uruguay should strengthen trade ties as textile industry of Egypt is much developed and has the potential to offer huge growth opportunities.
Abdel Mansour, the President of trading company Lotas stated that Egyptian cotton has many qualities such as texture, durability and light weight and it is known as 'White Gold'.
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