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Country-Plan Projects and Tenders |
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7538 Subject |
اتفاقية جديدة للتصدير الي امريكا بأعفاء من الجمارك Egypt, US & Israel signing the long debated QIZ – Qualified Industrial Zones agreement in Cairo. |
| Date Published | Wednesday, December 15, 2004 |
| Source Name | Al-Ahram |
| Location Name | Country Wide |
| Description | Egypt, US & Israel have signed the long debated QIZ – Qualified Industrial Zones agreement in Cairo. Agreement provides for the establishing of 7 qualified industrial zones in Greater Cairo, Alexandria & El Canal Zone, which exports to the US would be exempted from duties and quota limitations should they adapt to a minimum of 35 % Egyptian component & 11.7 % maximum Israeli component. Inputs of US manufacture may well be used; yet they should not exceed 15 % of the commodity value. Agreement would benefit the textile industry, the leather industry, furniture, chemicals, construction materials & processed food. Agreement could be extended later on to additional zones in the Delta. Egypt predicts the agreement to generate up to 100,000 employment opportunities and drive annual textile & garments exports to $ 4 billion by 2007. |
| Sectors Section |
Beneficiary Sectors - Industry Textile - Economy Economy |
