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Qualifying Industrial Zones Textile and Apparel Importer Conference New York, January 9, 2013 Amin Sabry Arab Republic of Egypt Gabby Bar State of Israel Co-Chairmen of the QIZ Joint Committee Qualifying Industrial Zones • A QIZ is an area in Egypt that was designated by the United States, from which goods can be exported duty free to the United States. • In order to enter the US duty free, these goods must meet the QIZ Agreement criteria and must be approved by the QIZ Joint Committee. QIZ Rules of Compliance Israel 10.5% US 65.0% Egypt 24.5% The final products must undergo substantial transformation. Economic Goals of the QIZ Agreement • For Israel: To open new markets for Israeli exports • For Egypt: To improve competitiveness of Egyptian exports to the U.S • For the U.S: To diversify the sources of imports into the U.S • Joint objectives: • To enhance business and industrial cooperation and to increase bilateral trade between Egypt and Israel • To strengthen the bilateral relations and Peace between Egypt and Israel. QIZ Milestones 2009 2005 2004 Signature 1996 Presidential Proclamation Entry into force Addition of zones Thank You