Market Plan
By: aida • Essay • 363 Words • May 13, 2011 • 1,231 Views
Market Plan
Recent steps taken by Egypt to liberalize the exchange rate , reform the customs, & tax regime, protect intellectual property rights, and ensure compliance with World Trade Organization (WTO) agreements are strong evidence that Egypt is creating the supporting policy environment to spur the growth of an open & vibrant private sector.
Free trade agreement (FTA) between US & Egypt would benefit both countries by boosting trade & investment flows increasing economic growth, employment, & encouraging further economic reforms in Egypt.
Qualifying Industrial Zone (QIZ) agreement permit duty-free entry into the US market for Egyptian products manufactured in areas designated as qualifying industrial zone. QIZ would provide Egypt with new opportunities for developing export-oriented industries. Egyptian textile & garment would particularly benefit from greater access to the sizable U.S market.
With relatively low cost labor, water, gas, & electrical power, QIZ duty-free state would significantly boost the competitiveness of Egypt's textile industry & other labor intensive sectors.
Free trade agreement (FTA) between US & Egypt would benefit both countries by boosting trade & investment flows increasing economic growth, employment, & encouraging further economic reforms in Egypt.
Recent steps taken by Egypt to liberalize the exchange rate , reform the customs, & tax regime, protect intellectual property rights, and ensure compliance with World Trade Organization (WTO) agreements are strong evidence that Egypt is creating the supporting policy environment