Remove ads
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.
 | This article includes a list of general references, but it lacks sufficient corresponding inline citations. (July 2020) |
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]
Remove ads
Wikiwand in your browser!
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
Remove ads