BREAKING NEWS

Report: Egypt open to trade talks with US

By REUTERS

JANUARY 18, 2012 00:47

WASHINGTON - Egypt's trade minister on Tuesday courted badly needed US investment with a promise Cairo would maintain open markets, and said the Egyptian government was open to pursuing free trade talks with the United States.

"Let me emphasize that Egypt is still the most competitive business environment in the region, with a domestic market of 85 million people," Egyptian Minister of Industry and Foreign Trade Mahmoud Eisa said in a speech to the US Chamber of Commerce, a leading business group.

Eisa said the main purpose of his trip to Washington was to assure the US government and global companies Egypt would continue a business-friendly environment as it writes a new constitution and then holds a presidential election in June.

"No change in policies. No change in anything," Eisa said, referring to the country's economic agenda.

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