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Egypt Frets over High Cost of Doing Business in Gaza
(AFP/Yahoo) Egypt wants to invest in the Gaza Strip but it is a dauntingly expensive place to do business, Finance Minister Yusef Boutros-Ghali said. "The costs are higher than in India....We have difficulties to convince investors because the costs of business are too high and the market is too small." "The economic incentives are not there, it's not profitable to invest in Gaza." Boutros-Ghali said Egypt was much happier with the results of a deal covering textiles trade reached with Israel last December. "It's working very well. Our exports are increasing very significantly. Relations with Israel are very good. We hope it (the trade) will increase more," he said.