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AmCham Egypt Mission to the United States, February
21March 9, 1999
This
year marked the 16th annual American Chamber of Commerce in Egypt
Mission to the United States and by all accounts it was the most
successful ever. The 40-member delegation carried with it a message
that after years of aggressive reform, steady privatization and
careful, managed growth, Egypt has earned its place in the top rank of
the world's emerging markets.
Each year over the past decade and a half, AmCham Egypt members
on annual DoorKnock missions have traveled to the United States to persuade
policymakers that Egypt is serious about reform, that it is serious
about attracting trade and investment. This year, however, the purpose
was not to persuade, but to reveal. The AmCham Egypt message was not
that Egypt is open for business, but that Egypt has been open for
business, good business, and that the foreign investors who are still
sitting on the fence are missing out.
The difference this
year was that the mission traveled to the United States as achievers, with a
strong economic success story.
The program in
Washington, D.C. began on Sunday, February 28 with an organizational
meeting and briefing session by the AmCham Egypt president, Dr. Ahmed
Shawki, in which issues were identified and discussed regarding the
perception of Egypt on Capitol Hill and the current positive economic
climate in Egypt. The next day, the DoorKnock delegation began its
traditional week's visit in Washington - making American policymakers
aware of the important new developments in Egypt's economy and
policies, and highlighting the dramatically improving atmosphere for
U.S. business investing in Egypt.
In addition to
promoting Egypt's successes, AmCham Egypt also views the DoorKnock as
an opportunity for an exchange of views. For this reason, the
DoorKnock hosted several events in Washington where policymakers
engaged in a free exchange of ideas and opinions in a less formal
atmosphere. This year, the DoorKnock held a widely attended luncheon at
the Hall of Flags, U.S. Chamber of Commerce, the yearly reception
at the Metropolitan Club and a roundtable discussion at the Ronald
Reagan International Trade Center.
Washington, D.C. Visit,
DoorKnock Meetings
The objectives of the
1999 mission were consistent with previous visits: to focus on
enhancing U.S.-Egyptian commercial and economic ties. Specifically,
this year's primary goals were: 1) to reinforce the strong bilateral
relationship between Egypt and the United States; 2) to keep U.S.
officials apprised of developments in Egypt's private sector; and 3)
to underscore Egypt's leadership role in promoting economic
cooperation in the region as a foundation for peace.
The delegation
achieved this by once again disseminating the message to the American
business and political communities that Egypt has made significant
progress in the past year, and by highlighting Egypt's recognition as
a leader among the emerging markets. As always, the delegation
stressed to the American business community the opportunities awaiting
in Egypt.
This years
mission
emphasized Egypts importance as a strategic partner with the
strength to transform the relationship between the two countries from
one of assistance to one of solid alliance.
Egypt's role as a
leading emerging market, as a necessary partner in the peace process,
and as an example of serious reform and privatization, as explained by
the delegation, were readily recognized by American audiences. This
setting allowed the discussions to deepen and intensify in their
content, in comparison to previous years, and to further build upon
past success.
In total, the
Washington DoorKnock schedule included 161 meetings with officials
from a wide range of offices in the administration, Congress,
Washington-based think-tanks and international organizations. This was
by far the most ambitious schedule to date. In order to make this
volume of meetings, the delegation was divided into six groups with
various areas of interest and expertise. The schedule included
meetings and briefings with congressional members and staff, meetings
with high-ranking officials of the Clinton administration, including
officials from the National Security Council, Office of the Vice
President, State Department, Commerce Department, Agency for
International Development, Department of Labor, U.S. Trade
Representative, Department of Agriculture, U.S. Information Agency,
Department of Energy, Department of the Treasury, and the Department
of Health & Human Services. Additionally, there were numerous policy
discussions with financial institutions such as: the International
Finance Corporation, the World Bank, the International Monetary Fund,
the Overseas Private Investment Corporation (OPIC) and the
Export-Import Bank. Meetings were also arranged with policy think-tanks and organizations including AIPAC, the Arab-American Institute,
the Woodrow Wilson Center and the Middle East Institute. This balanced
and comprehensive schedule allowed the delegation to spread its
message on a broad and thorough basis.
With the recent Asian
financial crisis in mind, Officials of the Clinton administration and
members of the Congress expressed their deep admiration and support
for the significant economic reforms being implemented in Egypt. The
people in the administration and Congress uniformly expressed their
belief that the continuation of these policy directions will lead
Egypt forward into an increasingly broader scope of economic growth,
and will necessarily result in significant improvements in the welfare
of the Egyptian people. There was considerable knowledge of the recent
advances in Egypt, and many senior members of Congress focused their
questions on specific business sectors that hold potential
opportunities for their own constituents. They pledged their
commitment to remaining engaged to assist this process as it develops.
To confirm their
message, the delegation was, for the first time armed with all
necessary data and information that had been compiled and printed
specifically for the mission. In addition to the DoorKnock Brochure
identifying the biographical information on the delegates, other
brochures were published, namely: Egypt: The Stable Emerging
Market, Mega Projects and Economic
and Social Benefits of USAID Programs in Egypt. More than 10
position papers covering various topics were developed.
The delegation
reconnected with many old friends that had been visited in past years
and was introduced to new members of Congress that had just been
elected. The mission feels confident that significant contacts
established with members of Congress and their staff will prove to be
especially meaningful in the years to come. A significant number of
congresspersons and senators invited AmCham Egypt to organize trade
missions to their states and offered to arrange meetings with various
local business groups. Still others suggested that they would be
interested in leading a trade delegation of their constituents to
Egypt in hopes of spurring closer economic ties.
Throughout these
visits and meetings, the delegation sought to provide its viewpoint on
the progress being made by the Government of Egypt, focusing on:
Economic Reform
The ongoing dramatic program of reform being put into place by Prime
Minister El Ganzouri, under the direction of President Hosni Mubarak, to
further open Egypt's economy, reduce its dependence on state-owned
industries and build a strong and powerful Egyptian private sector.
Years of dramatic and effective structural reform have created a sense
of stability and confidence in Egypt's economy. The benefits of this
agenda are now widely recognized. The Economist magazine recently
ranked Egypt among the world's top five emerging markets. The progress
in reform is increasingly evident in the Egyptian economy, and
characterized by the progress of the privatization plan, the booming
capital markets, and developmental aspirations such as the Toshka
project and other mega-projects - all prime examples of what range of
possibilities the future holds in Egypt.
The U.S.-Egypt Private
Sector Relationship
As a mission of businessmen, the DoorKnock delegation has a unique
voice in reaching out to the American private sector. A special
emphasis is given to reports of Egypt's reform and growing
opportunities for partnership. It is essential that the relationship
between the two private sectors be nurtured and stimulated. As there
is talk of the uncertainty of aid programs to Egypt, all possible
efforts must be exerted on the part of the private sector to
facilitate and expedite the transition from aid to trade. The private
sector wields a major force in encouraging reforms, but it can also
have a direct and strong impact on both the Egyptian and American
economies by creating jobs, hastening the transfer of technology and
boosting the standard of living. The future of Egyptian youth lies
within the private sector - a role which will secure a future of
prosperity for Egypt as a nation, and as a regional leader. Egypt is
becoming a prime destination for foreign investors, both financial and
direct. The delegation seized the opportunity to spread the word and
spark the interest of American investors in a wide range of
manufacturing and service sectors.
Economic Assistance and
Strategic Support
The delegation was unified in its message to Washington that U.S.
assistance must continue to play an integral role in supporting Egypt
and its functions in security, moderation and regional economic
development. As it is necessary to maintain a consistent and frequent
line of communication with forces supporting Egypt's interests in
Washington, this aspect of the U.S.-Egyptian relationship remains at the
forefront of priorities.
The Key of Egyptian Leadership
Egyptian leadership, both
political and economic, in the recent developments of the Middle East
is undeniable. The delegation placed a high priority on stressing the
necessity for consistent and vocal support of Egypt in all aspects and
strata. In terms of not only the peace process and regional economic
development, there is no doubt that Egypt must continue to assume the
role of leader, and be backed up by the support of the U.S.
government.
The meetings
demonstrated the progress that has been achieved in the past year, not
only through policy reforms, but also in the dramatic increase in the
U.S. business community's focus on Egypt. One clear signal from the
congressional meetings emphasized that Egypt needed to increase the
level and sophistication of its lobbying efforts, not only in
Washington, D.C., but in more distant states where key votes on
foreign assistance and international relations are now being held. In
this regard, it was suggested that the private sector and AmCham Egypt
should specifically target states critical to the future of
U.S.-Egyptian relations with trade fairs and concentrated commercial
contacts. The delegation was told repeatedly that Congress could be
influenced by local corporate support for investment in Egypt. Job
promotion weighs heavily in the minds of most congressional offices
visited.
During this trip, the
delegation spread the message of Egypt's growth to a receptive
audience. It is firmly believed that several significant investments
were made in the Washington 'policy-making' community, which will
prove, in the long run, to secure a strong voice for Egypt within the
U.S. government in years to come.
The mission indicated
that the future holds an ever stronger and ever more effective
U.S.-Egyptian business and commercial relationship. The delegation was
encouraged to maintain regular contacts with Washington policymakers
as well as increase its exposure to business communities nationwide.
Luncheon at the Hall of
Flags, U.S. Chamber of Commerce
Aside from the traditional
meetings with American policymakers, AmCham Egypt once again hosted a
luncheon at the U.S. Chamber of Commerce's Hall of Flags, on March 4. This event was truly the highlight of the trip with two
distinguished keynote speakers. AmCham Egypt was honored to have the
minister of education, His Excellency Dr. Hussein K. Bahaa El Din,
speaking about "Egyptian education into the new millennium"
and the minister of state for environmental affairs, Her Excellency
Nadia Makram Ebeid, to discuss "Egypt: Green agenda for action
and change." This year's luncheon was by far the most successful
with over 250 people in attendance including many senior Clinton
administration officials, several organization representatives as well
as senior business executives.
AmCham Egypt
president Dr. Ahmed Shawki welcomed guests to the luncheon with an
informative statement about the success of Egypt's economic reform
initiatives and how these reforms have helped Egypt gain respect
as one of the world's top five emerging markets. Dr. Shawki then
introduced the distinguished speakers. Dr. Bahaa El Din
spoke to the receptive audience of Egypt's initiative for education
reform in which education has been redefined as a national security
matter important to Egypt's present and future. According to Dr. Bahaa
El Din,
the increasingly changing technological advances "will
necessitate that we have a labor force that is well educated and
trained for a knowledge-intensive" work place. The Ministry of
Education is implementing an educational policy that places a priority
on "targeting human-resource development as an imperative for the
future." In light of the interest that had been shown with regard
to the treatment of Coptic Christians, Dr. Shawki asked the minister
whether the new curriculum included any lessons of the Egyptian Copts.
Much to the surprise of many Americans in the audience, Dr. Bahaa
explained that the new educational curriculum covers a broad array of
disciplines including the history of the Coptic people in Egypt. Her
Excellency Nadia Makram Ebeid captivated the guests with an overview
of the environmental policies implemented in Egypt in recent years.
Among those in attendance were several officials from the U.S.
Environmental Protection Agency. Her message was clear, Egypt's new
environmental policies were forward thinking, they would benefit not
only the land and its environs, but they would be good for business as
well.
When asked if the
Egyptian government would bother to enforce the law at the expense of
possible short-term business interests, Minister Ebeid was unequivocal
that the Ministry of State has already and will continue to implement
vigorously the environmental laws of Egypt.
Roundtable Discussion
AmCham Egypt sponsored a roundtable discussion on Tuesday, March
2, with various participants from the policy think-tanks as well
as the academic community. The purpose of the roundtable was to
create a forum in which there could be open discussion regarding
the economically and politically strategic importance of Egypt in
the Middle East. This year's roundtable discussion, entitled "Egypt's
strategic role in a changing Middle East," proved to be an
excellent opportunity for the delegation to take part in lively
debate by policy experts on a variety of topics.
The Metropolitan Club Reception
A favorite annual Washington tradition is AmCham Egypts reception
at the renowned Metropolitan Club. The reception allows AmCham members
to host many of the people with whom they have met with and to reconnect
with old friends. The reception, on March 3, at the elegant private
club, a block from the White House, was well attended by Washington
policymakers, academics, members of the press and private sector
individuals with business interests in Egypt.
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