WELCOME TO THE U.S.-EGYPT BUSINESS COUNCIL

Investing in a New Egypt

Revitalizing the Egyptian Economy by Rebuilding the U.S.-Egypt Relationship

In mid-September, the U.S.-Egypt Business Council hosted the largest-ever U.S. business delegation to the Middle East, leading more than 100 participants from 50 companies to Cairo to meet with Egyptian President Mohamed Morsi, Prime Minister Hesham Qandil, and members of the Egyptian cabinet and parliament. The size and scope of the mission highlighted the American private sector’s commitment to the decades-old commercial and political relationship the United States and Egypt have cultivated. It was during that mission that the U.S. Chamber of Commerce, the U.S.-Egypt Business Council, and the American Chamber of Commerce in Egypt, informed President Morsi and representatives from the United States Department of State and the White House that we would deliver a set of recommendations to the governments of both countries that would serve as a guideline for revitalizing the hard-hit Egyptian economy by rebuilding the U.S.-Egypt relationship.

Against the backdrop of civil unrest and controversy surrounding the ratification of a new Egyptian constitution, we must remember that it is crucial to maintain perspective, keeping a long-term view. Establishing a stable democracy in a country where it has never existed is a complicated process, and is prone to fits and starts. Ultimately, Egypt’s challenges must be met by the people of Egypt, but that does not mean that the United States, and more specifically, the United States private sector, should assume the role of silent observer. By advocating policies and initiatives that facilitate economic growth, create jobs, and foster a more predictable marketplace, the United States can effectively support Egypt throughout its transition. It is within our purview that the recommendations outlined in this report will guide the Egypt-U.S. relationship to a place where it is enduring, bilaterally advantageous, and stable.

We invite you to read our report by following this link – Investing in a New Egypt: Revitalizing the Egyptian Economy by Rebuilding the U.S.-Egypt Relationship.

U.S. Business Mission to Egypt
September 8-11, 2012

The USEBC, together with the American Chamber of Commerce in Egypt, organized a senior U.S. business delegation comprised of 50 U.S. companies to Egypt from September 8-11, led by G. Steven Farris, Chairman of the U.S.-Egypt Business Council and Chairman and CEO of Apache Corporation, Thomas R. Nides, the Deputy Secretary of State of the United States, Gamal Moharam, American Chamber of Commerce Egypt Chairman, Lionel C. Johnson, U.S. Chamber Vice President for Turkey, Middle East, and North Africa Affairs, and the Honorable Michael Froman, Deputy Assistant to the President for National Security Affairs. This week, the delegation met with the new president of Egypt, Mohamed Morsi (click here to view photos from the meeting), and held a number of meetings with Egyptian cabinet members (click here for a full list of ministers), members of parliament, heads of political parties, business leaders, and senior U.S. Government representatives in Cairo.

Recently, U.S. Chamber Vice President for Turkey, Middle East, and North Africa Affairs Lionel Johnson and American Chamber of Commerce in Egypt (AmCham Egypt) Chairman Gamal Moraham published an op-ed piece where they discuss the business communities stake in helping to stabilize the Egyptian economy. To read the op-ed, Egypt Is Critical, So Let’s Invest In The New Egypt, please follow this link. For more news stories covering the mission the mission, please follow the links below:

2012 U.S.-Egypt Business Council Agenda and Activities Report

The U.S.-Egypt Business Council (USEBC) remains committed to protecting and further cultivating the vital strategic and commercial relationship between the United States and Egypt, which is fundamentally important to our mutual interests. To learn more about the USEBC’s engagement in Egypt, review a summary of its activities in 2011, and discover the bennefits of joining the USEBC, please download the 2012 U.S.-Egypt Business Council Agenda and Activities Report.

Latest Updates

Featured Content

Publications The USEBC regularly produces policy papers, economic reports and newsletters. Please follow this link or select the “Publications” section in the sidebar menu to view the latest USEBC documents.

Our Partners