Three Brazilian companies will participate at Destination Africa expo, in Cairo (November 11 and 12). Specifically textiles maker Fiama, yarn maker Círculo and elastic band manufacturer Damenny have been invited to get deeper knowledge of Egyptian-made raw materials. It was a joint initiative by the Arab Brazilian Chamber of Commerce and the Consulate of Egypt in Sao Paulo.
Egypt is a major cotton-producing country, and the quality of its cotton and cotton products is world-renowned. Through September this year, 1,300 tons of Egyptian cotton and yarn were imported to Brazil, with sales amounting to USD 6 million, according to the Foreign Trade Secretariat (Secex) of the Brazilian Ministry of Industry, Foreign Trade and Services.
In September, a Mercosur-Egypt free-trade agreement entered into force that covers cotton and textiles. “I believe there’s a good chance that imports of cotton, fabric, textiles, clothing and bedding items to Brazil from Egypt will increase in the wake of this event, especially as the Egypt-Mercosur free-trade treaty becomes effective,” informed Arab-Brazil News Agency.