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The mission of the American Chamber Of Commerce In Egypt (AmCham-EGYPT)
is to promote the development of commerce and investment between
the United States and Egypt. The United States has been Egypt's
leading foreign trade and investment partner since the launch of
Egypt's Open Door Policy and the signing of the Camp David Accords
in the late 1970s.
Activities between the two include trade in goods and services,
capital inflows and significant transfer of aid. Additionally, political
factors such as promoting peace in the Middle East and maintaining
a stable region, which serves both nations' interests, also play
an important role.
Bilateral relations have been marked by upward trends in trade,
investment and supportive partnerships and agreements, despite short-term
fluctuations. Further enhancement of trade and investment ties is,
no doubt, of benefit to both countries, but even more beneficial
to Egypt as it fits within the current phase of economic reform,
emphasizing private sector-led, export-oriented growth strategies.
On December 10, 2004, the Bush Administration announced the formation of Qualified Industrial Zones (QIZs) in Egypt, setting in motion an historic partnership between Egypt and Israel that will foster economic cooperation between the two countries and provide opportunities for US companies to import products--including apparel, footwear and other items that normally carry high duty rates--from Egypt duty- free.
With the U.S. policy shift towards Egypt: "From Aid to Trade"
and the reduction of assistance, a Free Trade Agreement (FTA) is
only the natural progression at this stage and is encouraged to
smooth the transition in policy. An FTA with the U.S. will capitalize
on Egypt's favorable business environment and strong U.S. presence
in the economy. Furthermore, if properly crafted, an FTA is a complement
to Egypt's trade liberalization and outward orientation and will
act as a further stimulus for business activity in the country.
For inquiries on Egypt - U.S. trade and investment relations please
contact the Business Studies & Analysis Center (BSAC) - e-mail:
studies@amcham.org.eg
Other documents related to
Egypt-U.S. Relations
"
An Ambivalent Alliance: The Future of U.S.-Egyptian Relations",
Saban Center Analysis - [PDF] - January 31, 2006
"Congressional
Research Service [CRS] Report on Egypt", [PDF]
- June, 2006
Center for Strategic and International Studies(CSIS), “Review of U.S. Assistance Programs to Egypt” Statement before the House International Relations Committee, Subcommittee on the Middle East and Central Asia, [PDF]
- June 21, 2006
Hearing
on "Challenges of the Middle East
Road Map", U.S. Senate - Committee on Foreign Relations
[PDF] - June 30, 2005
Task
Force Report "In Support of Arab
Democracy: Why and How", by Madeleine K. Albright
and Vin Weber, Council on Foreign Relations [PDF] - June 08,
2005
Hearing
on "The Way Forward in the Middle East Peace Process", U.S. House of Representatives - Committee on International Relations [PDF] - February 10, 2005
Hearing
on "United States Economic Assistance
to Egypt", U.S. House of Representatives - Committee
on International Relations, [PDF] - June 17, 2004
Hearing
on "The Future of U.S.-Egyptian Relations"
, U.S. House of Representatives - Subcommittee on Middle East and
Central Asia, [PDF] - June 16, 2004
US Embassy Economic Trends Report Egypt-[ PDF] - May 2007
EGYPT - Foreign Trade Barriers Report
- 2007 [PDF]
EGYPT - Country Commercial Guide [PDF]
Complete USAID/EGYPT Program [PDF]
Guide to Doing Business in Egypt
Egypt Reform 06 [PDF]
Links
Links
to Egypt - U.S. Relations sites
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