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U.S. Delays Export Zone Trade Deal by Israel and Egypt


(Financial Times-UK) Edward Alden - Israel and Egypt have agreed to expand their commercial ties by establishing special trade zones for duty-free exports to the U.S. of products made in Egypt with some Israeli content. But Washington is holding up the deal, citing fears it could hurt U.S. and other foreign clothing producers. Jordan, which has a similar arrangement, saw exports to the U.S. grow from $16m in 1998 to nearly $700m last year, creating nearly 30,000 jobs.
2004-10-22 00:00:00
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