The United States Treasury Secretary, Steven Mnuchin, confirmed that the US is looking forward to deepening the economic partnership with Egypt, in a way that contributes to increasing US investments in the country that enjoys attractive climate and strong infrastructure.
Mnuchin added, Wednesday, that they look forward to strengthening joint bilateral cooperation in combating money laundering operations that threaten world economies.
This came during a meeting between Egyptian Finance Minister Mohamed Maait with Mnuchin and his accompanying delegation.
Mnuchin praised the success of the economic reform program, which contributed to strengthening the structure of the Egyptian economy and containing the coronavirus pandemic, according to the Egyptian Ministry of Finance statement.
Mnuchin emphasized that it is an important and unique experience that has given the Egyptian economy strength and rigidity in the face of internal and external crises and challenges, welcoming the Minister of Finance's keenness to transfer its expertise in the field of economic reform to neighboring countries.
“We expect the global economic conditions to gradually improve, and the strong performance of the Egyptian economy will return after the provision of the coronavirus vaccine at the international level during the coming period,” he said.
Mnuchin welcomed the flourishing bilateral trade and investment relations between the US and Egypt, noting that he looked forward to their recovering to pre-pandemic levels in the near future.
He added that his country looks forward to strengthening economic cooperation between the two countries and attracting more American companies and investments to expand their economic activities in Egyptian markets, especially after the success of the economic reform program in improving the investment climate.
For his part, Maait expressed the Egyptian government’s aspiration to maximize the investment activities of US companies in the country.
He added that this would ensure a greater role for the US business sector in Egypt’s major development projects implemented in various parts of the country.
Maait said: “We are ready to remove any obstacles to increase the investments of American companies in Egypt, especially that Egypt is qualified to be a regional center for the expansion of companies in the Middle East and Africa."
