Qiz Agreement Between Egypt And Israel

Published by bedrich under Allgemein.

After observing the positive economic results of the QIZ agreement between Israel and Jordan and observing the phasing out of textile quotas (WTO Agreement on Textile and Closing Products, ATC), which posed a major threat to the international competitiveness of the textile industry and confidence in Egypt, the Egyptian government decided to address the concerns of Egyptian producers and workers in the sector by negotiating a protocol. The agreement was signed in Cairo on 24 December 2004 and came into force in February 2005. „This is the most important economic agreement between Egypt and Israel in two decades,“ Zoellick said. „This is the concrete and practical result of President Bush`s plan to strengthen U.S. trade relations with the Middle East to strengthen the development, openness and peace of economic relations between Israel and its neighbors. These industrial zones will create a daily opportunity to establish commercial and personal relations between Egyptians, Israelis and Americans. Our successful experience with Jordan suggests that the creation of QIZ in Egypt will significantly increase trade, encourage investment and create hope. The QIZ program was launched in 1996 by the United States to promote economic cooperation, closer relations and peaceful relations between Israel and its QIZ partners. Under this program, the U.S. Trade Representative must cooperate with countries and approve new QIZs to support development and trade. In 1985, the United States and Israel entered into a free trade agreement (IUS-FTA), which was of Israeli origin, which received preferential treatment in the United States.

Like most free trade agreements, this agreement was aimed at achieving specific economic objectives (for example. B improving national access to foreign goods, promoting the competitiveness of each country`s products, etc.). Salah has set up a limited company, Century Investments. Many Jordanian organizations have criticized Salah for his business with Israel and boycotted the purchase of production in Jordan. Despite strong criticism, Salah received the tacit support of King Abdullah of Jordan. [5] To combat the boycott, Salah began working with multinationals with a larger international share.