2010 Chinese Textile And Garment Enterprises Settled In Egypt

According to the recent report of the French textile, according to the "European Mediterranean region" Textile and clothing The chairman of the leadership Association (Cedith) introduced that two years ago, under the policy of the Egyptian government to develop industrial zones, nearly 1000 enterprises in China settled down, including automobile manufacturing and information industry. Recently, China's textile and garment enterprises have grown up to nearly 100.

Reported that China Textile and garment enterprises The purpose of coming to Egypt is mainly the following three points: first, the preferential tax rate of the special zone is used, such as exempting the tariffs on imported raw materials and finished product export taxes; secondly, increasing the vitality of enterprises and narrowing the distance between China and Europe; finally, the average monthly wage of the Egyptian labor force is about 25 euros, while the wage of the Chinese mainland workers is 50 euros higher than that of the Chinese labor force, and the wage of the coastal area is 4 times that of 100 euros. Besides, the quality of cotton in Egypt is high. Chinese Enterprises It can be purchased locally at a low price; and Egypt's energy price is very competitive (oil and gas). However, the head of the French Clothing Industry Association believes that Egypt's capability in infrastructure (ports and electricity) is far less than that of China.