U.S. business delegation meeting in Egypt promoting investment - Global Banking & Finance Review
This image captures the historic visit of the largest U.S. business delegation to Egypt, focusing on investment and economic collaboration amidst local criticisms. It highlights the ongoing efforts to enhance U.S.-Egypt trade relations.
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LARGEST US BUSINESS DELEGATION EVER VISITS EGYPT

Published by Gbaf News

Posted on November 12, 2014

1 min read
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Unprecedented US Delegation Visits Egypt

CAIRO (AP) – Representatives from over 60 U.S. companies are wrapping up a two-day visit to Egypt of what was described as the largest such delegation in history. But critics say the visit strikes the wrong tone amid a government crackdown.

The visit, organized by the U.S. Chamber of Commerce, included a personal envoy from U.S. Secretary of State John Kerry.

Criticism Over Human Rights Concerns

Rights groups criticized the visit’s timing as rewarding Egyptian President Abdel-Fattah el-Sissi at a time when his government is increasingly cracking down on dissent, stifling critics and imprisoning opponents.

Delegation and Host Nation Reactions

Conference members rebuffed the criticism, with one saying: “Prosperous economies are good for the citizens.”

Praise for Egypt’s Economic Reforms

Those attending also applauded el-Sissi’s government for tackling the country’s structural economic problems which have long kept private businesses away from one of the Middle East’s largest markets.

Key Takeaways

  • Delegates from over 60 U.S. companies completed a two‑day trade mission to Egypt, termed the largest in history.
  • The visit was organized by the U.S. Chamber of Commerce, with participation from a personal envoy of Secretary of State John Kerry.
  • Human rights groups criticized the timing, citing Egypt’s crackdown on dissent, while delegation members defended engagement to boost prosperity.
  • Participants praised President el‑Sissi’s efforts to address structural economic issues and encouraged transparent reforms.

References

Frequently Asked Questions

Who organized the U.S. business delegation to Egypt?
The visit was organized by the U.S. Chamber of Commerce, with involvement of the U.S.‑Egypt Business Council and a personal envoy from Secretary of State Kerry
Why was the visit controversial?
Human rights groups criticized it as rewarding President el‑Sissi amid a government crackdown on dissent and civil society
How did delegates justify the visit?
They argued that prosperous economies benefit citizens and that engagement could stimulate Egypt’s economic recovery and reform
What did the delegation commend about Egypt’s government?
They applauded el‑Sissi’s efforts to tackle structural economic problems and called for transparency and non‑retroactivity in reforms

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