Search

 

Cablegate: Readout of 19th Qiz Joint Committee Meeting

VZCZCXYZ0000
RR RUEHWEB

DE RUEHEG #2140 3210911
ZNR UUUUU ZZH
R 170911Z NOV 09
FM AMEMBASSY CAIRO
TO RUEHC/SECSTATE WASHDC 4202
INFO RUCPDOC/DEPT OF COMMERCE WASHDC
RUEATRS/DEPT OF TREASURY WASHDC

UNCLAS CAIRO 002140

SENSITIVE
SIPDIS

DEPT FOR NEA/ELA
DEPT PASS TO USTR/SFRANCESKI

E.O. 12958: N/A
TAGS: ECON EINV ETRD PGOV EG IS
SUBJECT: READOUT OF 19TH QIZ JOINT COMMITTEE MEETING

1.(SBU) On November 15, Israeli and Egyptian trade officials met in Cairo for the quarterly meeting of the Qualifying Industrial Zone (QIZ) Joint Committee. The Israeli delegation was led by Gabby Bar of the Ministry of Trade and Labor, and the Egyptian delegation was headed by Sayed Elbous of the Ministry of Trade and Industry.

2.(SBU) The data compiled by the committee found that QIZ exports from Egypt to the US increased by 7.3% in the last quarter, climbing from $187.3 million in Q2 to $200.9 million in Q3. Israeli exports to Egypt through the program increased by 8.1%, rising from $19.8 million in Q2 to $21.4 million in Q3. Egypt's total QIZ exports are on pace to rise in 2009, with exports for the first three quarters of 2009 reaching $579.4 million, a 3.5% increase over the same period in 2008.

3.(SBU) The meeting found two Egyptian QIZ companies to be non-compliant with the QIZ protocol for failing to meet the 10.5% Israeli content requirement. The Senior Company for Ready-Made Garments in Alexandria and Mag Industrial in the 10th of Ramadan zone were cited for non-compliance, and are prohibited from exporting to the US through QIZ for the following quarter. Of the 749 companies registered with QIZ committee, 144 are currently exporting to the US. SCOBEY

© Scoop Media

 
 
 
World Headlines

 


UN: Bachelet Alarmed By Number Of Palestinian Children Killed In Latest Escalation

UN Human Rights Chief Michelle Bachelet today expressed alarm at the high number of Palestinians, including children, killed and injured in the occupied Palestinian territory this year, including in intense hostilities between Israel and Palestinian armed groups in Gaza last weekend... More>>

Save The Children: One Year Under Taliban Rule, Girls Are More Isolated, Hungry, Sad: New Report
One year since the Taliban took control of Afghanistan, an economic crisis, crippling drought and new restrictions have shattered girls’ lives, excluding them from society and leaving them hungry...
More>>

Palestinian Ministry of Health: Developments In The Health Situation During The Israeli Aggression On The Cities & Governorates Of The Gaza Strip
For the second day in a row, the Israeli aggression against the Gaza Strip continues by targeting overcrowded residential areas and neighborhoods, as the death toll rose to 13 citizens, including a 5-year-old girl and a 23-year-old woman... More>>


Somalia: ‘We Cannot Wait For Famine To Be Declared; We Must Act Now’
Rising acute food insecurity in Somalia has caused more than 900,000 people to flee their homes in search of humanitarian assistance since January last year, the Food and Agriculture Organization (FAO) has warned... More>>

UN: American West Faces Water And Power Shortages Due To Climate Crisis
Two of the largest reservoirs in the United States are at dangerously low levels due to the climate crisis and overconsumption of water, which could affect water and electricity supply for millions in six western states and Mexico, the UN Environment Programme (UNEP) warned on Tuesday... More>>



Singapore: UN Experts Call For Immediate Moratorium On Executions For Drug Offences

UN experts* today condemned the execution of Nazeri Bin Lajim, a 64-year-old Malay Singaporean national convicted of drug offenses and urged the Government of Singapore to halt plans to execute individuals on death row for drug related charges... More>>