The U.S. Chamber of Commerce’s U.S.-Egypt Business Council announced on Monday that it would lead a delegation of American businesses to the Egyptian capitol of Cairo in January to identify business opportunities in the country.
The delegation will also identify obstacles to enhanced engagement and demonstrate support for economic cooperation between the two countries.
“The economic partnership between the United States and Egypt remains strong, but it’s important for policymakers and members of the private sector to fully understand both the opportunities and challenges associated with participating in the Egyptian economy,” Myron Brilliant, the Chamber’s executive vice president and head of international affairs, said. “This delegation of businesses will explore firsthand the business opportunities Egypt presents, as well as the steps the Egyptian government is taking to create the stability necessary for economic growth.”
In late 2012, stock of U.S. direct investment in Egypt totaled $16.7 billion, and the number is expected to rise in future years.
“The American business community’s long-standing commitment to Egypt and our support for a dynamic and strong economic partnership between our two countries remains unchanged,” Brilliant said. “Through efforts and initiatives like our upcoming delegation trip, the Chamber will continue our work to cement this relationship and forge new economic partnerships going forward.”
International trade and investment is a key part of the CoC’s American Jobs and Growth Agenda—a plan to generate stronger economic growth, expand opportunities for Americans and create jobs.