About Shira International
Shira International Egypt
Shira International was founded in 1986 in Cairo, Egypt. The company started as a Buying Agency and Sourcing office for European and American Retailers, Mail Order Companies, Brands, Importers & Wholesalers.
Today Shira International Egypt is among the leading Sourcing and Buying Agencies within the Egyptian Market, knowing the needs of our customers, creating and developing new styles in each product category and bringing continuously successful products to our customer’s markets.
Shira International is just the right partner for international corporations, brands, leading retailers and online shops.
Some facts about Egypt
Egypt is well known as the most attractive African country for investment and one of the most developed in the Africa/Middle East, with reaching nearly a gross domestic product of $400 Billion in 2021.
The advantages of Egypt’s Apparel sector
Here some important facts and figures:
Apparel Exports in 2021 – Over $1.5 Billion with over 20% growth over the last 2 years.
Exports of over 58% to the US Market and 30% to the European Market.
Seven significant advantages of the Egyptian Apparel Market
QIZ Trade Agreement = Duty Free to the U.S.
The U.S. is one of the main export destinations of the Egyptian apparel industry.
Products manufactured in Egypt, are duty free to the U.S.; under this protocol, goods made in Egypt can use fabric imported from third countries and remain eligible for duty-free entry into the U.S. market, provided 35 percent of their value is added in Egypt, including a minimum of 10.5 percent of Israeli content.
Costs incurred in the U.S. also count towards the 35 percent threshold.
Duty Free to the EU Market
Proximity to the US and the EU Markets
Vertical integration and well-developed infrastructure
Throughout the African continent, Egypt’s textiles and clothing sector is the most integrated vertical infrastructured market.
The Egyptian Apparel market offers a well-developed infrastructure and is investing more than $15 billion in roads, electricity networks and irrigation projects, including 15 marine ports.
Egyptian Extra-long-staple Cotton
Egypt is the largest producer of Extra-long-staple cotton, worldwide.