Egypt suspends cotton imports to protect its cotton and textile markets

According to the report of the Egyptian Middle East News Agency on the 9th, Egypt recently decided to suspend the import of cotton from abroad and increase the cost of imported textiles to protect its cotton and textile markets.

The report quoted the head of Egypt’s local Cotton Trade Coordination Committee as saying that Abu-Hal reported that the decision to temporarily import foreign cotton and increase the cost of importing textiles was made by the Minister of Industry and Trade of Egypt and not by the committee. decision.

Egypt is an important cotton producer, especially long-staple cotton. However, the increase in imported cotton in 2011 caused an impact on domestic cotton. Therefore, the Egyptian government decided to temporarily stop importing foreign cotton.