Israel, Egypt and the United States signed a sweeping trade accord. Under the agreement clinched Tuesday in Cairo, Israel will open businesses in seven Qualified Industrial Zones in Egypt, whose products will enjoy waivers of import duties to the United States. Israel hopes the agreement, modeled on one it has with Jordan, will boost ties with Egypt. “This is good business for all of us and it will also be one more important ingredient to change the atmosphere in the Middle East,” Israeli Trade Minister Ehud Olmert said at a press conference alongside his Egyptian counterpart, Rachid Mohamed Rachid.
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