Exports of readymade garments up, imports down since EGP float

The EGP float has resulted in an increase of readymade garment exports of 11% y-o-y since November and could increase by a further 14% next year, Fadel Marzouk, the chairperson of the Readymade Garments Export Council of Egypt, told Ahram Gate. Imports of readymade garments have also dropped by 70% since the float, Marzouk added. He also noted that USD 600 mn in investments in the sector are going to be pumped within the next six months.