A delegation of Egyptian enterprise leaders was in Israel on Monday, the primary such go to in a decade, in an indication of “warming” ties between the 2 international locations, Israeli officers stated.
The journey was a part of a commerce settlement often called QIZ (Qualifying Industrial Zone), which was initiated in 1996 between Israel, Jordan, Egypt and the US to foster Center East peace.
The deal permits Egypt to export some merchandise to the US responsibility free, as long as they embody 10.5 % Israeli inputs.
The visiting Egyptian delegation consists of executives from the textile and clothes industries, the Israeli overseas and economic system ministries stated in a joint assertion.
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Israel’s Minister of Financial system and Business, Orna Barbivay, stated the go to “will contribute to the promotion of shared pursuits for each international locations.”
Prime Minister Naftali Bennett met Egyptian President Abdel Fattah al-Sisi in Sharm el-Sheikh in September 2021, the primary go to to Egypt in over a decade by an Israeli head of presidency.
Egypt was the primary Arab nation in 1979 to signal a peace treaty with Israel, after a long time of enmity. Jordan was the second, establishing full diplomatic relations with Israel in 1994.
Egypt now often serves as an middleman between Israel and Palestinian leaders, notably from the Hamas group that guidelines Gaza and has no direct communication with the Jewish state.
Israeli-Egyptian relations have confirmed icy at occasions, particularly in the course of the one-year reign of Egypt’s former president Mohamed Morsi in 2012, however broad safety cooperation has carried on beneath Sisi.
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