Egyptian delegation flies to Israel to discuss Qualifying Industrial Zones

An Egyptian trade delegation left for Israel Sunday to discuss solutions to problems facing the two countries' Qualifying Industrial Zones (QIZ) agreement, according to state news agency MENA.

A delegation member said that problems facing cooperation between Egypt, Israel and the US within the framework of the QIZ will be discussed. The delegation will also discuss the development of new projects to create jobs and open markets for Egyptian products.

Israeli radio said political sources denied Egyptian media reports that the Egyptian delegation will also discuss the release of prisoners in both countries.

QIZ are designated geographic areas within Egypt that enjoy a duty free status with the US. Companies located within such zones are granted duty free access to the US markets, provided that 10.5 percent of their components come from Israel.

Translated from MENA


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