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.
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2012 U.S.-Egypt Business Council Agenda and Activities Report
- Luncheon with AmCham Egypt CEO Hisham Fahmy - View Photos from the Event
- The U.S.-Egypt Business Council Hosts Egyptian Parliamentarian Delegation - View Photos from the Event
- Lionel Johnson, U.S. Chamber Vice President for Middle East and North Africa Affairs, Discusses Egypt Presidential Election on CNN International
- Blog - U.S. Chamber Meets with Senator McCain and Members of Congress to Encourage a U.S.-Egypt Free Trade Agreement
- Photo Gallery - USEBC U.S.-Egypt FTA Meetings with Sen. John McCain, Rep. Adrian Smith, and Rep. David Dreier
- Photo Gallery - USEBC Luncheon Honoring a Visiting Delegation from the American Chamber of Commerce in Egypt
- USEBC March 2012 Bulletin
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.
Partners’ Activities in Egypt