Greg Lebedev, senior advisor to the US President and CEO of the American Chamber of Commerce (AmCham), confirmed that the free trade agreement between Egypt and the US is under consideration, and that he believes that it will be a strong stimulus towards increasing trade exchange between the two countries. He said that the chamber will submit a request to the US government in which they will demand serious negotiations to be conducted in order to initiate and finalise a free trade agreement with Egypt. Moreover, Lebedev indicated that the meeting between President Abdel Fattah Al-Sisi and the US delegation shed light on the investment opportunities in the Egyptian market, and the economic reforms which improved Egypt’s investment climate. “As a result of Egypt’s economic indicators-which exceeded our expectations-many American companies have shown a strong desire to invest in the Egyptian market,” he declared. Concurrently, Tarek Tawfik, head of the AmCham in Cairo, stressed that the economic reforms cannot be implemented all at once.

Source: Daily News Egypt October 25, 2018 17:48 UTC