FC Flying Cargo (FC) inaugurated last month a new branch at the Nitzana border crossing to Egypt.
Mr. Shai Rishoni, FC Marketing director said that the new branch will serve Israeli companies planning to export goods to Egypt under the new Qualified Industrial Zones (QIZ) agreement.
Under the newly signed QIZ agreement, joint Israeli-Egyptian manufactures made within the QIZ are exempted from customs duties upon entry to the US, as part of the Israel-US free trade agreement.
Rishoni noted that Flying Cargo's new branch at the Nitzana border crossing provides customs clearing service, overland transportation to and from Nitzana as well as to and from a range of destinations in Egypt. The service is fully supported by DHL Danzas Air and Ocea's Egyptian branch in the provision of cargo services on the Egyptian side of the border. Customers will be able to trace the cargo through the internet.
According to Rishoni, Flying Cargo predicted that the QIZ agreement will boost Israeli exports to Egypt to the level of $75 million a year, compared with $29 million in 2004.