Business monthly November 03
 
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VIEWPOINT

Traveling to America as AmCham president with such a focused, professional DoorKnock delegation was a privilege. It was an excellent, diverse team, and we needed to be on our toes to handle 60 meetings in five days, during which we covered as many high-level bases as possible, Republican and Democrat alike. Aside from discussions with think tanks and US media, we met with seven senators, 23 members of the House of Representatives and senior officials from many departments, including defense, state energy, trade, commerce and USAID. As this line-up suggests, and following the trend of the last few years, our meetings had strong political overtones, but in all our encounters we tried to convey the views and concerns of Egypt’s private sector regarding commercial relations with America as well as the current situation in our region.
One thing was abundantly clear: winning the peace in Iraq is at the top of every agenda. An indication of how Iraq dominates American politics is the fact that for now, less attention is being paid to the US economy, which is unusual so close to elections. As you know, the US administration sought $87 billion for its ongoing efforts in Iraq, with $67 billion slated for the military and $20 billion for reconstruction. The allocation of that $20 billion was under scrutiny, with the Bush administration asking for the entire amount in the form of grants. The message being conveyed is that America recognizes its responsibility, is ready to shoulder the burden of amassing funds for reconstruction, and primarily, that it will not rely on Iraqi oil resources to finance rebuilding.
Despite the ongoing debate, the administration will essentially get what it wants in terms of assistance for Iraq. Japan’s commitment of $1.5 billion (for reconstruction), was a boost for the Bush administration which will probably be amplified at the donors’ conference in Madrid. The question we should ponder, is what role can we play in the reconstruction effort to help the Iraqi people and serve the best interests of Egypt and our economy? We should be a significant provider of goods and services; that’s the kind of export activity Egypt needs now. Egypt’s private sector should be involved, and AmCham plans to act as an information hub regarding projects and opportunities in Iraq. During our visit we met with all those concerned with Iraq reconstruction and we agreed to keep channels of communication open. No one can be sure exactly who they’ll be dealing with following the US elections, but we know that Middle East development will continue regardless and Egypt will be an active participant in the process.
The fact that US presidential elections loom large on the horizon has lent urgency to American foreign policy issues. Considering conditions in the region, America has set a high bar for itself by defining success in Iraq as improving the lives of the Iraqi people through implementing democracy and ensuring reconstruction. These goals are now imperative to the credibility and even the legitimacy of the United States. But they are also imperative to the stability of our region, in which we all have a stake. Success and stability are therefore non-negotiable.
Although the US has made Iraq its priority, far more attention and direct participation is needed from the US to resolve the Palestinian issue, which is a priority for the people of our region. By recognizing and fulfilling the region’s priorities, hopes and aspirations America can come a long way in achieving its own objectives in our part of the world.
With this in mind, the AmCham delegation repeatedly underlined that peace is paramount to cure the region’s economic ills and the best weapon in the war against terrorism, America’s ultimate objective. Ending the Israeli occupation and getting the Road Map back on track is close to every Arab’s heart. If America is to win the peace in the region, it must first win the hearts and minds of the people.

Taher S. Helmy
President, AmCham Egypt

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