Home / Knowledge / News / Apparel/Garments / Magic to celebrate 10th year of US, Egypt & Israel deal
Magic to celebrate 10th year of US, Egypt & Israel deal
16
Feb '15
This year’s Sourcing at Magic will celebrate the 10th anniversary of the signing of a trade agreement by the US, Egypt and Israel with senior level trade officials on hand from those countries.

Under this agreement, Qualifying Industrial Zones (QIZ’s) were set-up in Egypt to manufacture and export duty free apparel in to the US.

Apparel exports from these QIZ’s could export, duty-free garments to the US provided that they satisfied the agreed upon Israeli components, in manufacturing of such apparel.

QIZ’s started operating in seven designated industrial locations in Egypt and starting with an initial 397 qualified companies in these seven locations, the numbers have rapidly expanded to encompass over 15 QIZ’s.

Between these 15 QIZ’s, there are currently nearly 700 qualified companies, and more qualifying each quarter and with more than $1 billion in annual revenues.

Egypt’s QIZ offers investors, significant long-term advantages over other preferential trade agreements due to its ongoing commitment with no expiration date and no reduction in tariff schedules.

The trade show will host a seminar on - Fashion and Government: Knowing the Rules of the Game on Feb 17, 2015. The same day another titled ‘Apparel at Crossroads: The End of Low-Cost-Country Sourcing will also be hosted. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Two slabs of GST will affect Bengaluru garment units: SIGA

Apparel/Garments | On 23rd Jan 2018

Two slabs of GST will affect Bengaluru garment units: SIGA

The South India Garment Association (SIGA) has voiced its concern...

US FTC updates textile rules to drop obsolete requirement

Textiles | On 23rd Jan 2018

US FTC updates textile rules to drop obsolete requirement

The US Federal Trade Commission has eliminated an obsolete provision...

Indian textile industry at inflection point: Report

Textiles | On 23rd Jan 2018

Indian textile industry at inflection point: Report

The textile and apparel sector of India is at an inflection point...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search