Qualified industrial zones: Trade deal with the US and Israel boosts textiles

11-December-2007

The deal allows Egyptians to export to the US tariff-free as long as they use a certain percentage of Israeli goods. The US initiative is intended to foster peace through trade. Qiz’s impact on thawing the political relations is questionable. But, for Egyptian garment producers, it has meant a chance to stand up to the competition posed by Asian producers.

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