Cairo – Eco – Fady Labib
: President Abdel Fattah El Sisi met on Monday with the Executive Vice
President of the U.S. Chamber of Commerce, Mr. Myron Brilliant ...
President El Sisi
highlighted the role that the U.S. Chamber of Commerce plays in bolstering
economic ties and trade between Egypt and U.S. The President confirmed his
keenness to periodically meet with the Chamber members in order to directly
communicate with the representatives of the vital U.S. economic sectors. This
is within the strategic relations between the two countries in order to give an
update on the drastic changes that Egypt is witnessing at the economic level
and investment as well as the state's efforts in the framework of the
comprehensive economic reform program. This is in addition to the promising
investment opportunities that Egypt enjoys, in light of the current
implementation of mega national projects.
The President confirmed
that enhancing trade and investment with the U.S. will broaden prospects of
cooperation at all levels and added that Egypt looks forward to optimizing
economic relations between the two countries in the coming period. The
President noted the importance of the private sector in supporting these
relations through increasing investment, transferring knowledge and expertise
and enhancing the exchange of trade so as to serve the interests of both sides.
Mr.Brilliant explained
that he was visiting Cairo to follow up on the fruitful outcomes resulting from
the President's meeting with members of the U.S. Chamber of Commerce and
representatives from the U.S. business community during his visit to Washington
last April. He confirmed the special strategic relations that Egypt and the
U.S. share, whose main pillars are economic relations and investment, and thus
the importance of working to support U.S. investments in Egypt, particularly in
light of the presence of the political will from both sides.
Mr.Brilliant lauded
positive developments that the Egyptian economy has recently witnessed,
attested by specialized international institutions. This is considered an
indicator that reflects stability in the economic and investment climate in
Egypt.
The meeting touched on
trilateral cooperation in Africa and mutual interest in enhancing it,
particularly in the areas of digital economy, health and energy and in light of
Egypt's current chairmanship of the African Union. This is in addition to
recently launching the African Continental Free Trade Agreement that will
establish the largest free trade area in the world.
Mr. Brilliant was also
keen to listen to the President's views on the overall developments in the
Middle East and Egypt's efforts in this regard.
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