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Egypt to enhance textile trade ties with Sweden

24
Feb '12
To explore mutual trade cooperation prospects in the field of textiles, a group of Egyptian textile industry insiders recently visited Sweden.

Over 40 textile industry experts and entrepreneurs from both the countries participated in the Egyptian-Swedish Textile Seminar held in Gothenburg on February 16-17, to find ways for collaboration and to explore a new market for the Egyptian cotton and readymade garments.

Addressing the seminar, Swedish Minister of Trade, Ewa Björling, said she foresees chances of good mutual trade relations between the two nations.

Emphasising that international trade is of much importance in present times of competition, she said that free trade is the key stone of Sweden's foreign and trade policy.

International trade and the ability of the domestic firms to compete in global markets forms the base of the country's prosperity, she added.

The Egyptian delegation also paid field visits to Swedish department stores such as Nordiska Kompaniet (NK) and Nordstan Shopping Centre, to acquaint themselves with the Swedish local market standards.

They also visited Borås, the Swedish textile industry hub that contributes around 50 percent of the country's textile output, to meet several textile importers and owners of several fashion enterprises and textile organizations.

Representative of the Arab Development Company, Hammam Abdel Khalek, who was a part of the Egyptian delegation, said they got a chance to interact with their Swedish counterparts. The visit helped them develop good business contacts, which would shortly start bringing them good business, he said.

As stated by the Swedish Embassy in Cairo, the visit of the Egyptian delegation formed a part of its initiatives launched in collaboration with the Swedish Trade Council to fortify trade ties between the two countries.

Fibre2fashion News Desk - India


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