Egyptian QIZ exports record USD 760 mn in 9M2019

Egypt’s exports from Qualifying Industrial Zones (QIZ) increased 14.3% to USD 760 mn in 9M2019, a Trade Ministry source told the local press. The increase was driven largely by textiles and readymade garment exports, which made up 97% of the total figure. 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. Twenty-six Egyptian companies have qualified for inclusion in the QIZ export agreement between January August, bringing the total number of companies under the agreement to 1,030.