Advantages
Duty Free Market Access
Egypt is one of a few countries which can promise duty free access to the US, the world’s largest consumer market, for all products manufactured in its Qualifying Industrial Zones (QIZ) provided that they comply with the rules of origin requirements as specified in the Protocol.
The tariff exemption applies to all products,
Egypt is one of a few countries which can promise duty free access to the US, the world’s largest consumer market, for all products manufactured in its Qualifying Industrial Zones (QIZ) provided that they comply with the rules of origin requirements as specified in the Protocol.
The tariff exemption applies to all products,
Simple and Flexible Requirements
As per the rules of origin, manufacturers must ensure that 35% of the product's value be manufactured in an Egyptian QIZ, of which a minimum of 10.5% must be Israeli inputs.
The Protocol provides flexibility by monitoring the commitment of manufacturers to the agreed upon ratio of their manufactured products on a quarterly basis, not on a single shipment basis, hence giving them a wider time frame.
As per the rules of origin, manufacturers must ensure that 35% of the product's value be manufactured in an Egyptian QIZ, of which a minimum of 10.5% must be Israeli inputs.
The Protocol provides flexibility by monitoring the commitment of manufacturers to the agreed upon ratio of their manufactured products on a quarterly basis, not on a single shipment basis, hence giving them a wider time frame.
Competitive Factor Costs
Operating in Egypt affords investors/ manufacturers economical input costs relative to other countries with similar market access.
Utility costs in Egypt are far lower than other countries in the region, as well East Asian economies, and are expected to remain stable on the long term since they are indigenous to Egypt and not vulnerable to fluctuating exchange rates.
Although these costs may rise over time, the increase is anticipated to be very marginal relative to other countries with similar economic status to that of Egypt.
Operating in Egypt affords investors/ manufacturers economical input costs relative to other countries with similar market access.
Utility costs in Egypt are far lower than other countries in the region, as well East Asian economies, and are expected to remain stable on the long term since they are indigenous to Egypt and not vulnerable to fluctuating exchange rates.
Although these costs may rise over time, the increase is anticipated to be very marginal relative to other countries with similar economic status to that of Egypt.
Egypt's Geography
Egypt is ideally located to be both a center for industry as well as commerce.
Situated at the heart of global trade routes, thus it provides easy access to Europe and Africa, and shorter transit times to the U.S. than the East Asian region.
Egypt is ideally located to be both a center for industry as well as commerce.
Situated at the heart of global trade routes, thus it provides easy access to Europe and Africa, and shorter transit times to the U.S. than the East Asian region.
