« IRS to Post Publication 600 on it's website by 12/23 | Main | Today in the Patent Market... »

December 16, 2004

Israel-Egypt-US Sign Historic Trade Agreement

Earlier this week Egypt and Israel completed a long debated trade deal that will bolster economic ties between the two countries. The agreements established special economic zones in Egypt that will have duty free access to the US market if 35% of the product is a produced through Israeli-Egyptian cooperation. The deal has been in the works for years and hit snags because of its unpopularity in the oft coddled US textile industry. Israel hopes that the agreement could bring in $150 million to Israel in 2005 alone. While great in the short run for the countries’ textile industries, it will have an even greater impact towards peace in the region. Robert Zoellick, US Trade Rep, called the deal "the most significant agreement between Israel and Egypt in 20 years."

Posted by Chris H. Anderson at 08:43 AM in International Trade | Permalink

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8345157d569e200d834288a0653ef

Listed below are links to weblogs that reference Israel-Egypt-US Sign Historic Trade Agreement :

» Italian Charms from ItalianCharms -- Search results
Italian charms has stainless links from companies by Zoppini, Boxing, ReFlorence, Puzzle, Ryry, Talexia & Unodomani... [Read More]

Tracked on May 23, 2006 8:08:21 PM