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FINANCIAL NEWS
Egypt to cut Israeli component in QIZ trade deal to 8pct
06 Apr 2017
(MENAFN) Egypt aims to reduce the Israeli component in the Qualifying Industrial Zones (QIZ) trade deal to 8 percent instead of the recent 10.5 percent, which would be the same to Jordan.
Under the terms of the deal, some Egyptian products with Israeli components from designated industrial zones can be exported to the U.S. duty free.
Furthermore, both sides agreed on the elimination of any obstacles for trade exchange between the two nations, as well as growing U.S. presence in the Egyptian market.
In addition, it also focused on the facilitation of exports of Egyptian citrus to the U.S. market, whereas they also discussed the possibility of new agricultural exports to the U.S.
MENAFN0604201700450000ID1095373392
MENAFN0604201700450000ID1095373392
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