25. Nadine Awadalla and Patrick Werr, “Egypt aims for a tighter budget deficit of 8.4 percent in 2018/19 – minister,” Reuters, September 4, 2018. www.reuters.com/article/egypteconomy/update-1-egypt-targetsnarrower-bud…; The agreement covers trade in industrial products, including fish and other seafood products, as well as processed agricultural products. In addition, some EFTA States and Egypt have concluded bilateral agreements on basic agricultural products, which are part of the instruments for the creation of the free trade area. Africa, economic reform, U.S.-Egypt relations, exports, free trade agreements, imports, bilateral relations, CAIRO — the comments of the U.S. diplomat in Cairo renewed Egyptians` hopes for the potential of a long-sought bilateral free trade agreement. A deal would bring considerable economic benefits to the United States. Businesses and encourage economic reform in Egypt by attracting foreign direct investment (FDI), improving efficiency, improving the implementation of domestic reforms and creating much-needed new jobs. The benefits are numerous, both for the United States and for Egypt; and while trade and profit are certainly important, they are only part of the broader potential benefits for both countries. An experienced U.S. negotiator found that it was both the marketing of existing lines and the search for new lines.
“QIZ products are a community product between an Arab country and the State of Israel.