France's Union des Industries du Textiles (UIT) has signed a Memorandum of Understanding (MOU) with its Egyptian counterpart in order to foster co-operation between the two trade bodies.

The MOU was signed by UIT president Lucien Deveaux and a representative of the Egyptian Textile Federation, Bassem Sultan, in the presence of Egypt's Commerce and Industry minister, Rachid Mohamed Rachid.

"The Egyptian federation are keen to exhibit at Première Vision, one of the leading trade shows for fabrics used in garment manufacture and which takes place twice a year in Paris and also in New York, Shanghai and Moscow," a UIT spokeswoman told just-style.

"On our side, we would like to organise a trade mission to Egypt to see at first hand the progress that has taken place in the sector. This includes some significant privatisation, the emergence of a new generation of company chiefs and dynamic commercial ties with the US via a Qualified Industrial Zones (QIZ) agreement. Egypt's organic cotton offering is also of interest us," she added.    

The QIZs are industrial parks that can be set up in Egypt, Israel or Jordan from which goods can be exported duty-free to the US.

By Stuart Todd.