Article: Egypt, Israel & US Sign QIZ Accord; Exports To American Market Will Be Duty Free.

Egypt and Israel on Dec. 14 agreed a rare trade/industrial co-operation deal. The two states and the US signed a protocol to set up seven Qualified Industrial Zones (QIZs), where goods would gain free access to US markets provided that 35% of their inputs comes from co-operation between Egyptian and Israeli companies - these constitute an advanced step towards a free trade pact between the US and Egypt. The QIZs agreement comes amid a remarkable change of mood between Egypt and Israel.

Later in the week the kingdom of Bahrain and the US signed a QIZ/trade agreement - a move which angered the Saudi government as bilateral deals, whether for trade or for defence, ...

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