{"id":546829,"date":"2022-05-30T04:00:42","date_gmt":"2022-05-30T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/"},"modified":"2022-05-30T04:00:42","modified_gmt":"2022-05-30T04:00:42","slug":"egypt-and-israel-want-to-upgrade-their-trading-relationship","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/","title":{"rendered":"Egypt and Israel want to upgrade their trading relationship"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Egypt and Israel want to more than double the value of annual bilateral trade to US<\/strong><strong>D 700 mn by 2025<\/strong>, <a href=\"https:\/\/www.timesofisrael.com\/israel-egypt-to-boost-economic-ties-step-up-bilateral-trade-to-700m\/\">the Times of Israel<\/a> reported yesterday, citing a statement from the Israeli economy ministry. According to the proposed plan, the two countries would turn the Nitzana border crossing in Sinai into a logistics zone to increase commercial trade, and collaborate on green energy projects and R&D. They\u2019re also looking to increase the number of direct flights. Egypt would also up its exports of food and construction materials to Israel, and increase its imports of tech and agricultural supplies.<\/p>\n<p><strong>Egypt-Israel trade would actually be worth a lot more than USD 700 mn:<\/strong> The figure excludes Israeli natural gas exports and tourism, which account for a sizable portion of bilateral trade. Last year, annual trade was worth USD 300 mn.<\/p>\n<p><strong>ALSO IN DIPLOMACY- <\/strong><\/p>\n<ul>\n<li><strong>The Foreign Ministry has condemned the <\/strong><strong>storming of the Al Aqsa Mosque <\/strong><strong>complex by Israeli settlers<\/strong> yesterday during the annual flag march in Jerusalem\u2019s Old City, and warned that the provocation risks inflaming tensions. (<a href=\"https:\/\/bit.ly\/3LWr4Lx\">Statement<\/a>)<\/li>\n<li><strong>Egypt and the DRC signed a cooperation protocol on defense training and <\/strong><strong>knowledge exchange<\/strong> during a meeting between Defense Minister Mohamed Zaki and his Congolese counterpart. (<a href=\"https:\/\/www.facebook.com\/EgyArmySpox\/posts\/pfbid0ffoUMBnRP7FGtdKRB8cab5CYpVet817n1QheApjQu1UNjCMFsNBsiUHaxmMWUnf7l\">Statement<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egypt and Israel want to more than double the value of annual bilateral trade to USD 700 mn by 2025, the Times of Israel reported yesterday, citing a statement from the Israeli economy ministry. According to the proposed plan, the two countries would turn the Nitzana border crossing in Sinai into a logistics zone to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7262],"tags":[482,168,72,89,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546829","post","type-post","status-publish","format-standard","hentry","category-diplomacy","tag-defense","tag-diplomacy","tag-enterpriseam","tag-israel","tag-trade","wpautop","entry"],"acf":{"mongo_id":"011ec6ac-10fc-4980-b2ac-ed12a7b326ce","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[546803],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt and Israel want to upgrade their trading relationship - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt and Israel want to upgrade their trading relationship\" \/>\n<meta property=\"og:description\" content=\"Egypt and Israel want to more than double the value of annual bilateral trade to USD 700 mn by 2025, the Times of Israel reported yesterday, citing a statement from the Israeli economy ministry. According to the proposed plan, the two countries would turn the Nitzana border crossing in Sinai into a logistics zone to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-30T04:00:42+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt and Israel want to upgrade their trading relationship\",\"datePublished\":\"2022-05-30T04:00:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/\"},\"wordCount\":212,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Defense\",\"DIPLOMACY\",\"EnterpriseAM\",\"Israel\",\"trade\"],\"articleSection\":[\"Diplomacy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/30\/egypt-and-israel-want-to-upgrade-their-trading-relationship\/\",\"name\":\"Egypt and Israel want to upgrade their trading relationship - 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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\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597507,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/29\/egypt-qiz-exports-increase-10-y-o-y-to-usd-411-mn-in-first-five-months-of-2019\/","url_meta":{"origin":546829,"position":1},"title":"Egypt QIZ exports increase 10% y-o-y to USD 411 mn in first five months of 2019","author":"enterpriseam admin","date":"29 July 2019","format":false,"excerpt":"Egypt\u2019s 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\u2019s QIZ unit told the press. Participants in the QIZ agreement, which Egypt signed with Israel and the US\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594884,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/10\/egyptian-qiz-exports-record-usd-587-mn-in-7m2019\/","url_meta":{"origin":546829,"position":2},"title":"Egyptian QIZ exports record USD 587 mn in 7M2019","author":"enterpriseam admin","date":"10 September 2019","format":false,"excerpt":"Egypt\u2019s exports from Qualifying Industrial Zones (QIZ) increased 14.4% to USD 587 mn in 7M2019 and are expected to end the year at USD 1 bn for the first time since 2011, according to a local press report. The y-o-y increase comes on the back of a rise in textiles\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596225,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/egyptian-qiz-exports-record-usd-472-mn-in-1h2019\/","url_meta":{"origin":546829,"position":3},"title":"Egyptian QIZ exports record USD 472 mn in 1H2019","author":"enterpriseam admin","date":"21 August 2019","format":false,"excerpt":"Egypt\u2019s exports from Qualifying Industrial Zones (QIZ) increased 6.7% y-o-y to USD 472 mn in 1H2019, according to the local press. An unnamed source at the QIZ unit at the Trade Ministry said textiles and readymade garments made up 97% of the exports, while food and glass products comprised the\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575093,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/01\/diplomacy-foreign-trade-on-1-october-2020\/","url_meta":{"origin":546829,"position":4},"title":"Diplomacy + Foreign Trade on 1 October 2020","author":"enterpriseam admin","date":"1 October 2020","format":false,"excerpt":"Topping trade news this morning: QIZ exports fall in 1H2020: The value of goods exported from Egyptian qualifying industrial zones (QIZs) fell almost 25% during the first half of the year compared to 1H2019, according to Trade Ministry figures. Some USD 357 mn of goods were exported during 1H2020, down\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625326,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/01\/israel-backs-expanding-qiz-products\/","url_meta":{"origin":546829,"position":5},"title":"Israel backs expanding QIZ products","author":"enterpriseam admin","date":"1 August 2018","format":false,"excerpt":"Israel backs expanding QIZ products: Israeli trade officials expressed their support for including leather-made goods, shoes, and food products as part of the Qualified Industrial Zones (QIZ) agreement between Egypt, the US, and Israel, sources told Amwal Al Ghad. The statements came at a meeting last week in Cairo with\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546829","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546829"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546829\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546803"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546829"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546829"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}