Egypt, Israel to boost trade ties amid economic crisis: ...Kuwait

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Egypt, Israel to boost trade ties amid economic crisis:
Egypt and Israel have been discussing means of boosting trade ties amid a worsening economic crisis that has hit the North African country, especially after the Egyptian pound's devaluation against the US dollar. According to a source close to the Qualifying Industrial Zones (QIZ) trade agreement, who declined to be named due to the sensitivity of his position, “bilateral trade ties are expected to be stronger in the coming few months to include Israel exporting food products to Egypt.” QIZ was signed back in 2004 between Egypt, Israel and the US. The agreement allows the export of duty and tax-free products from Egypt to the US provided that Israeli components make up

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