This is an audio version of the Wikipedia Article:
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00:01:48 1 History
00:06:46 2 Regulations
00:08:42 3 Jordan
00:11:50 4 Egypt
00:14:21 5 Social impact
00:16:50 6 Criticisms
00:18:29 7 See also
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Speaking Rate: 0.8377853275565851
Voice name: en-US-Wavenet-F
"I cannot teach anybody anything, I can only make them think."
- Socrates
SUMMARY
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Qualifying Industrial Zones (QIZ) are industrial parks that house manufacturing operations in Jordan and Egypt. They are special free trade zones established in collaboration with neighboring Israel to take advantage of the free trade agreements between the United States and Israel. Under the trade agreements with Jordan as laid down by the United States, goods produced in QIZ-notified areas can directly access US markets without tariff or quota restrictions, subject to certain conditions. To qualify, goods produced in these zones must contain a small portion of Israeli input. In addition, a minimum 35% value to the goods must be added to the finished product. The concept was invented by Jordanian businessman Omar Salah.The first QIZ, Al-Hassan Industrial Estate in Irbid in northern Jordan, was authorized by the United States Congress in 1997. As of January 2009, there are five Qualifying Industrial Zones in Jordan and four QIZ designated regions in Egypt. The idea behind the establishment of QIZs was to foster a sense of prosperity and stability in Middle East through economic cooperation and employment.The zones differ from other trade zones as they are stand-alone entities within one country and not directly connected to other countries. In addition, their products are for exports and domestic consumption in any country, not limited to specific countries, and most importantly operate only under the authority and conditions laid down by the host government.
