US, Egypt, Israel considering adding tech companies to QIZ program

The US, Egypt, and Israel are in talks to bring tech companies under the Qualified Industrial Zones (QIZ) program, economic consultant at the US embassy in Cairo James Boehner tells Al Borsa. According to Boehner, the three governments are looking to expand the scope of the program, since ready-made garments and food products benefit the most from the agreement. Ready-made garments account for some 98% of QIZ exports, head of the Trade and Industry Ministry’s QIZ unit Ashraf El Rabie had previously said. QIZ imports enjoy tariff-free access to the United States provided they meet a minimum required amount of Israeli content.