Israel, U.S. Change Terms for Egyptian Exports to U.S.

[Reuters/Ynet News] Israel and the U.S. have accepted Egypt's request to reduce the minimum Israeli input required for goods Egypt can export to the U.S. on preferential terms, Israel's ambassador to Egypt Shlomo Cohen said on Monday. Cohen said the minimum percentage would be 9.25%, instead of the 11.7% set when the three countries signed a Qualified Industrial Zones (QIZ) agreement in 2004.