Oct 2016

U.S. Business Mission to Egypt

http://www.amcham.org.eg/images/us_egypt.jpg http://www.amcham.org.eg/images/egypt_us.jpg

U.S. Business Mission to Egypt

“Partnering for the Future of Egypt”
(October 23 – 26, 2016)

AmCham Egypt in conjunction with the United States Chamber of Commerce, the U.S.-Egypt Business Council and the Egypt-U.S. Business Council, organized a major U.S. Business Mission in coordination with the U.S. Department of State, during the period from October 23rd through October 26th. With more than 130 business executives from over 55 companies participating, this sizeable group demonstrated the U.S. business community’s commitment to the bilateral relationship and its optimism for the country’s future in spite of existing challenges.

The delegation was accompanied by the Honorable David Thorne, Senior Advisor to the U.S. Secretary of State and was led from the U.S. side by; John Christmann, chairman of the U.S. Chamber’s U.S.-Egypt Business Council (USEBC) and CEO and president of the Apache Corporation and Greg Lebedev, senior advisor to the president and CEO of the U.S. Chamber. Leaders from the Egyptian side, included, Anis Aclimandos, President of AmCham Egypt and Omar Mohanna, Chairman of the Egypt-U.S. Business Council (EUSBC).

The delegation also included senior representation from the United States Trade Development Agency (USTDA) as well as U.S. and international financial institutions.

During their visit to Egypt, the delegation underscored the longstanding commitment of the American business community to Egypt’s long-term stability and prosperity; and explored prospective investment and business opportunities.

On October 24th, members of the delegation met with President Sisi and members of the Egyptian Cabinet. During their meetings, the delegation encouraged the government to collaborate with the business community on policy and regulatory reforms that could improve Egypt’s business environment, making it more competitive in the region, and spur investment, growth, and job creation.

A number of events were hosted by AmCham Egypt jointly with its partners and featured a number of ministerial panels that were open to the entire membership to attend as well as other closed meetings and breakout sessions with government officials. Key mission events were attended by almost 900 members and guests including government officials, diplomatic corps representatives, academics as well as select media representatives.  

“The US trade delegation visiting Egypt is a forward looking vote of confidence in the market potential of this country. In spite of the fact that America is a few days away from a most cumbersome election and while Egypt is getting ready to move ahead with an IMF loan, many obviously see the critical regional role of Egypt in the Middle East. Once the train is in motion, it will not stop” Anis Aclimandos, President of AmCham Egypt

 “As Egypt continues to transition and work toward economic stability, the U.S. Chamber and our member companies have remained consistent in our support of a strong bilateral economic relationship between our nations,” said Khush Choksy, senior vice president for Middle East Affairs at the U.S. Chamber. “Our large delegation signals to President Sisi and his team and the Egyptian business community that we are hopeful for Egypt’s future and confident that its best days are ahead. Two-way trade and investment have brought substantial benefits to both American and Egyptian companies, fostering economic growth and job creation in both countries, and we are excited to have this chance to explore new opportunities in a variety of sectors.”