Suez Economic and Trade Cooperation Zone
 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (July 2020) |
The Suez Economic and Trade Cooperation Zone (SETC) is an industrial estate near the city of Suez, Egypt, established by a joint partnership between the governments of the People's Republic of China and the Arab Republic of Egypt, for the purposes of inviting Chinese companies to set up industries, as part of the Belt and Road project.
It was built by the Tianjin Economic-Technological Development Area (TEDA). The SETC zone was created in 2008 and extended in 2016 in a ceremony attended by CCP general secretary Xi Jinping on a state visit to Egypt.
The zone hosts several enterprises and manufacturing companies, including Jushi, which produces fiberglass in Egypt primarily for export[1] The EU introduced significant tariffs on fiberglass imports from Egypt as a result, alleging they were dumping the fiberglass.[2]
References
[edit]- ^ Hesham Ibrahim (22 April 2019). "China's Jushi to operate new production line in Egypt next July".
- ^ Jonathan Stearns (6 April 2020). "EU Hits China, Egypt With Five-Year Tariffs on Glass Fiber".