This year marks the tenth anniversary of an Egyptian-Israeli economic partnership that has quietly pumped billions into Cairo’s vulnerable economy. The free-trade framework known as Qualifying Industrial Zones, or QIZs, is one of the few points of economic normalization to have grown out of Israel’s 1979 peace agreement with Egypt and subsequent deal with Jordan. Given the flagging Arab economies and regional instability, the success of QIZs has implications far beyond the bottom line.
Essentially, QIZs are industrial parks through which participating countries—specifically Egypt and Jordan—can export goods under the flag of the U.S.-Israeli free-trade
Source URL: https://www.foreignaffairs.com/articles/israel/2015-08-23/trading-peace-egypt-and-israel