Backed by the Arab Brazilian Chamber of Commerce and the Consulate of Egypt in Sao Paulo, three Brazilian companies — textile maker Fiama, yarn maker Círculo and elastic band manufacturer Damenny — have been invited by the Egyptian Government to the November 11-12 textile industry expo Destination Africa in Cairo to assess Egyptian raw materials.
The three enterprises will be involved in a textile industry purchasing project carried out by the government of Egypt, according to a news agency report.
The expo will feature 100 companies from 15 African countries and over 300 international buyers.
About 1,300 tonnes of Egyptian cotton and yarn were imported to Brazil till September this year, with sales amounting to $6 million. In September, a Mercosur-Egypt free-trade agreement entered into force that covers cotton and textiles. (DS)
Source Fibre2Fashion News Desk – India