A part of the signage at the main gate of The Walt Disney Co. is pictured in Burbank, California, May 7, 2012 - REUTERS/Fred Prouser
CAIRO - 14 April 2018: Minister of Trade and Industry Tarek Kabil said Disney company extended the license of Egyptian companies manufacturing and exporting products of Disney until December 2019.
In a statement, the minister underlined that the decision comes within the framework of implementing better work programme, which Egypt carries out in partnership with the International Labour Organization (ILO).
The programme provides a range of services for the supply chain of clothing. It also carries out an assessment of factories, as well as advisory and training services.
The minister said the past period witnessed intensified coordination with senior officials of the ILO, most recently the meeting held with the General Director of the ILO Guy Ryder in February at the ILO's headquarters in Geneva, during which both sides agreed on boosting partnership relations between the ILO and Egypt.
He pointed out that the ILO recently announced the resumption of the second phase of the better work programme in Egypt to be concluded by the end of the year, stressing that the decision contributed to lifting the name of Egypt from the list of countries that are prohibited from manufacturing and exporting its garments and furnishings to international companies, at the forefront Disney company.
Kabil said Egypt managed to lift its name from the list of countries banned from using Disney's trademark in July, adding that Egypt's unprecedented efforts to achieve structural economic reform were the main reason behind this decision, which was confirmed by the positive reports issued by all international assessment bodies, at the forefront the International Monetary Fund and the World Bank.