Egypt QIZ exports increase 10% y-o-y to USD 411 mn in first five months of 2019

Egypt’s exports from Qualifying Industrial Zones (QIZ) rose 9.6% to USD 411 mn in 5M2019, up from USD 375 mn during the same period last year, a source from the Trade Ministry’s QIZ unit told the press. Participants in the QIZ agreement, which Egypt signed with Israel and the US in 2004, enjoy access to the US market without tariffs, provided they meet a minimum required amount of Israeli content.