As the first Arab nation, the government of Egypt yesterday signed a trade pact with its neighbour Israel that will help breaking the latter’s economic isolation. After the controversial trade agreement was made known, demonstrations broke out throughout the Egyptian capital, Cairo.
On December 14, Israel, Egypt and the United States will sign the agreement leading to the establishment of Qualified Industrial Zones in Cairo, Egypt.
Egypt and Israel will sign a joint free-trade agreement with the United States in Cairo today
The agreement on Qualified Industrial Zones (QIZs) opens the US market to goods produced in Egypt with Israeli inputs, promises jobs for Egyptians while offering Israel a symbolic economic foothold in the largest Arab nation.
Delta Galil Industries chairman Dov Lautman, currently in London, told "Globes" this morning that the free trade agreement with Egypt was not only an economic achievement, but also a major political one. "The agreement will contribute to Israel’s economy, and to political reality in the Middle East."
An essential feature of the implementation of the Euro-Mediterranean Partnership has been the negotiation of Association Agreements between the European Union and nine of its Mediterranean Partners to replace the 1970s Co-operation Agreements.
The European Commission has decided to increase pressure on Israel to adopt more stringent intellectual property protection for the benefit of EU pharmaceutical companies.
Taiwan is expected to sign an investment protection pact with Israel and start bilateral negotiations on a free trade agreement (FTA) soon, Council for Economic Planning and Development (CEPD) officials said Friday.
Goods produced in Israeli settlements in the West Bank and Gaza Strip will no longer be allowed to enter the European Union tariff-free under an agreement initialed on Thursday.
Agreement has been reached in a wrangle between the European Commission and Israel over goods made in Palestinian territories in the West Bank and Gaza.
Testimony by David L. Mack in Hearings of the US Senate Finance Committee, published by the Daily Star, Beirut, Lebanon, in a two-part series on 27-28 May 2004
Jordan and Israel upgraded their trade accord Sunday in hopes of doing more business with Europe.