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November 4, 2016       Share:    

Source: http://www.washingtoninstitute.org/policy-analysis/view/egypt-and-israels-growing-economic-cooperation

Egypt and Israel's Growing Economic Cooperation

(Washington Institute for Near East Policy) Haisam Hassanein - Economic ties with Israel have begun to deepen under Egyptian President al-Sisi. In April, for the first time in ten years, an Israeli delegation traveled to Egypt to discuss ways of enhancing economic cooperation. More than 700 companies employing 280,000 workers operate in Qualifying Industrial Zones (QIZs), whose products are exported to U.S. markets. While a small percentage of each product must be manufactured by Israeli firms, Egypt has sought to reduce the percentage. In December 2015, Israel reduced its share by 2%.

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