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AmCham Egypt Mission to Washington, D.C., March
1996
The American Chamber of Commerce in Egypt conducted its most
successful DoorKnock mission ever to the United States from March 4 to
20, 1996 under the theme "Egypt and the United States:
Partnership into the 21st Century." This year's DoorKnock
consisted of 52 companies, representing a wide range of Egyptian and
American firms active in Egypt. In addition to the traditional week's
visit to Washington, D.C., the Chamber also sent business missions to
New York, Dallas, Houston, Atlanta and St. Louis.
Two
senior cabinet officials accompanied the delegation and had the
opportunity to address the U.S. business community. H.E. Dr. Nawal El
Tatawi, minister of economy & international cooperation, gave a
speech entitled "Egypt into the Year 2000," and H.E. Dr.
Mohieddin Elghareeb, minister of finance, spoke on ''The Investment
Climate and Investment Opportunities in Egypt'' at a one-day
conference in New York. El Tatawi also spoke to an AmCham-hosted
luncheon in Washington.
As
in previous years, the overall objectives of the 1996 DoorKnock
mission were to strengthen U.S.-Egypt commercial ties and enhance the
U.S.-Egypt relationship through encouraging the growth of the private
sector in Egypt. The specific objectives of this year's mission were
to bring to U.S. businesspeople and politicians the message that Egypt
is open for business, to acquaint them with what has happened in Egypt
in recent months, and to increase American awareness of the growing
opportunities for U.S. investors and financial institutions in Egypt.
The DoorKnock delegation pointed out the progress made towards the
availability of those opportunities by stressing the dramatically
improved business atmosphere in Egypt due to the recent changes in
Egypt's policies made by the new cabinet under the leadership of H.E.
Dr. Kamal El Ganzouri. In addition to the economic reforms, progress
has also been made in U.S.-Egypt private sector relations, U.S.
economic assistance to Egypt and strategic support, U.S. military
assistance and defense cooperation, Egyptian-U.S. leadership in the
peace process, and regional economic cooperation and economic
expansion.
Several other issues with regard to Egypt and the Middle
East were also emphasized: the need for the United States to continue
its close cooperation with Egypt as the process of economic growth
moves forward, particularly this year as Egypt plays host to the Third
Middle East/North Africa Economic Summit in November; the essential
role of the Partnership for Economic Growth & Development - the
Gore-Mubarak
Initiative; and the need for the United States to remain fully engaged
in the Middle East peace process and the continuing economic
development in the region, which is viewed as the only route to a
permanent comprehensive peace.
To further this economic development and open new markets for Egyptian
companies in the United States, the business missions to New York,
Atlanta, Dallas, Houston and St. Louis were targeted to the specific
business objectives of each company involved. Two of the missions,
New York and Atlanta, were follow-up opportunities to the 1995 DoorKnock,
while the others were first-time visits for the AmCham Egypt delegations.
These visits showed varying levels of understanding of Egypt's possibilities
for American partners, with the Texas markets being far more involved
and aware of Egypt than the others, which presented, for now, only
more limited opportunities to those companies that undertook the
missions.
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