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Israel-Egypt Trade Links May Help Limit Any Rupture in Ties
(Christian Science Monitor) Joshua Mitnick - Israeli businessmen with activities in Egypt believe that the economic foundation of the peace between the two countries will help stave off a rupture in ties. Though trade remains minimal because of the cold peace, the two countries have cooperated on a natural gas pipeline and Israel-owned textile factories that employ thousands of Egyptians to manufacturer clothing for export. Textile companies and other Egyptian exporters sell more than $1 billion worth of merchandise in the U.S. free of customs under the "Qualified Industrial Zone'' program - which gives Egyptian manufacturers incentives for using Israeli raw materials.