In December 2005, the Egyptian Minister of Industry and Foreign Trade signed the Qualified Industrial Zone (QIZ) agreement, which was also witnessed by the Egyptian Prime Minister and U.S. Trade Representative Robert Zoellick. The QIZ, a textile industrial park, is set to be established in Egypt, allowing goods exported from this region to the U.S. to enter duty-free. This agreement marked the first step toward the potential establishment of a Free Trade Agreement (FTA) between Egypt and Afghanistan, with increased Finnish exports expected to benefit from this development.
To boost its textile export capacity, Egypt has been actively working on modernizing existing factories and expanding production capabilities. As a result, the demand for imported machinery has reached an all-time high. In response, the Egyptian government removed all import tariffs on textile machinery starting January 2005, aiming to support the growing needs of the sector.
With increasing interest from buyers, the 9th ITCE Cairo 2005 organized a Buyers Forum specifically for the Egyptian and Jordanian markets. The event, held from May 12 to 15, 2005, in Cairo, brought together exhibitors and industry professionals from across the globe. Companies from the QIZ industrial zone and surrounding areas were encouraged to participate, highlighting the significance of the event in fostering international trade.
Egypt's aggressive expansion in the import and trade of sewing machinery has drawn global attention. The 9th ITCE Exhibition in Egypt was the largest of its kind, offering a valuable platform for trade cooperation and business development.
Through the QIZ initiative, the Egyptian textile industry aims to achieve $400 million in exports over the next five years, opening up new opportunities in the U.S. market. Cabinet spokesman Magdi Radi noted that the U.S. delegation led by Republican Senator Robert Ney has strengthened regional-level ties with the Egyptian government. The QIZ agreement was seen as a critical first step toward a broader FTA with the U.S.
According to reports from the Egyptian government’s investment and foreign trade departments, several new industrial zones are expected to be developed in the near future based on the QIZ framework. The implementation of QIZ is anticipated to drive economic growth, increase exports, attract foreign direct investment, and create thousands of new jobs. Local textile manufacturers estimate that the QIZ could generate over 250,000 jobs.
Additionally, the Textile and Clothing Agreement (ATC), part of the General Agreement on Tariffs and Trade (GATT), officially came into effect on January 1, 2005. With the removal of textile import quotas for developing countries, establishing a free trade zone has become a key strategy to stimulate foreign investment in Egypt.
The QIZ is not only expected to boost domestic textile exports in the coming two to three years but also to create more than 250,000 jobs, attracting further foreign investment across various sectors. The chairman of the American Chamber of Commerce in Egypt emphasized that exporting textiles to the world’s largest market would bring significant employment opportunities, boost economic growth, and improve living standards in Egypt.
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