Identifier
Created
Classification
Origin
09CAIRO2140
2009-11-17 09:11:00
UNCLASSIFIED//FOR OFFICIAL USE ONLY
Embassy Cairo
Cable title:
READOUT OF 19TH QIZ JOINT COMMITTEE MEETING
how-toVZCZCXYZ0000 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
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
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