Disney imports 33 Egyptian products to US: AmCham

CAIRO – 23 October 2018: Disney International Company imports around 33 Egyptian products to its operations in the United States of America, Chairman of the American Chamber of Commerce (AmCham) in Egypt Tarek Tawfik said.

Tawfik added that exports recorded $60 million annually, noting that former Trade Minister Tarek Kabil sent an official letter demanding to establish a free trade zone between Egypt and US.

He noted that both countries are still looking into this demand.

In April, Kabil said Disney extended the license of Egyptian companies manufacturing and exporting the products of Disney until December 2019.

This license provides a range of services for the supply chain of clothing, and carries out an assessment of factories, as well as advisory and training services.

This program came after Walt Disney lifted the ban on producing its merchandise in Egypt after negotiations with Egyptian trade officials.

Meanwhile, AmCham is organizing a conference for an American delegation that consists of 44 firms from October 23 - 25.

On a different note, Disney live shows returned to Egypt with 23 shows performed in Cairo International Stadium, starting from Sept. 26, 2018.