The United States has not frozen its protocol with Egypt as regard to the Qualifying Industrial Zone, which is known as the QIZ, said an official in the Egyptian Trade Representative Authority on Wednesday.
Mr. Mohamed Dawood assured that Egypt’s exports to the USA in as pursuant to the QIZ Protocol are estimated at US$1 billion annually.
He pointed out that the authority, through its office in Washington, has directly contacted with the U.S. Trade Representative of the White House. The US officials confirmed that Obama administration has no intentions to review, amend nor freeze the QIZ protocol in the meantime.
He noted that the Office of the U.S. Trade Representative pointed out that the QIZ protocol is particularly important on the level of trade between the United States and Egypt.
