According to the report ‘Women and Trade: The Role of Trade in Promoting Women’s Equality’ by the World Bank and the World Trade Centre, which is the first report to quantify how women are affected by trade, notes that women entrepreneurs face significant impediments when it comes to trade and connecting with other markets, such as higher trade barriers, difficulties in complying with regulatory and procedural requirements, as well as poorer access to information and markets due to male-dominated distribution networks. To overcome these challenges, the International Islamic Trade Finance Corporation, a member of the Islamic Development Bank Group, launched on Monday the “Women in Global Trade” SheTrades initiative in Egypt, which is implemented by the International Trade Center (ITC) within the framework of the Aid for Trade Initiative for Arab States (AfTIAS) program. The initiative launched in Egypt will build on the experiences and network of the International Trade Center’s SheTrades Program, which aims to connect three million women entrepreneurs to markets by 2021. Reflecting the Egyptian social and economic context, as one out of every five Egyptian companies in the handicraft sector is owned by a woman, the ITFC…
‘SheTrades’ Initiative to Support Egyptian Women Exporters to Connect to Global Markets
June 8, 2021
