Egypt Trade Minister meets new US Ambassador

At a meeting with the new US Ambassador to Egypt Stephen Beecroft on Sunday 1/3/2015, Industry and Trade Minister Mounir Fakhry Abdel Nour said Egypt-US relations should get back to normal and economic and political ties should be promoted.

The meeting took up the importance of expanding the scope of cooperation in small and medium sized enterprises, and technical and vocational training as the main fields of the economic development process, the Egyptian Minister said.

Abdel Nour also reviewed the government’s efforts to set an appropriate stage for foreign investments, including the activation of the Egyptian Regulatory Reform and Development Activity, which aims to revise laws regulating investment and combat red-tape.

As for Egypt’s preparations for the economic conference in Sharm El Sheikh, to be held in mid March, he said major European American and Arab companies are expected to attend the event along with representatives of governments and international organizations.

For his part, the US envoy said his country is keen to promote relations with Egypt and expand the scope of cooperation especially in the fields of investment, trade and funding.

Beecroft confirmed that a large number of investors will participate in the economic conference in Sharm El Sheikh to boost their investments in Egypt.

The US and Egypt have identical views on the need to fight terrorism as it does not only threaten the Middle East region but the whole world as well, he said.

Source: MENA & SIS