ICEC

U.S. mission from BENS meets Egypt’s Qabil on enhancing joint economic ties

Egyptian trade minister Tarek Qabil met Thursday with a mission from U.S. Business Executives for National Security (BENS) to discuss means of enhancing joint economic ties between two states. The mission was headed by BENS’ Vice-chairman, Raphael Benaroya.

Qabil asserted that the strategic partnership between Egypt and USA needs more serious and effective steps from the American side to revive the mutual economic relations as pursuant to the stability that Egypt is currently witnessing.

The minister added that Egypt made giant steps towards getting its place on world’s economy map through a number of achievements related to upgrading the infrastructure as well as starting national large projects.

The Egyptian government also exerted efforts to improve legislative system related to the economic activity, thus, attaining high growth rates and attracting more local and foreign investments within the coming period, the minister clarified.

On other side, Benaroya asserted that mission’s visit to Egypt reflects how Egypt is vital to the American business society as it enjoys logistic location that serves American investments in the Middle East.

The official pointed out that the purpose of the visit is to enhance Egyptian economy and strengthening U.S.-Egypt joint economic ties within the coming period.

BENS members urged the Egyptian government to encourage American private sector to invest in the Egyptian market since it enjoys potentials that qualify it to be an investment front for businessmen from different states.

The Egyptian market is considered as one of the largest and most important markets in the Middle East as it is the second largest market in Africa.

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