TRI CONSULTING KYOTO – TRI CK USA TEAM AND EGYPT
We have contributed directly to the Establishment and Development of Business Relationships and Trade Exchanges Between the United States, California, and Egypt with our Initiative and Engagement by Organizing Visits of Egyptian Officials and Business Leaders to California while we Facilitate their interactions and the Signing of several MOU and Agreements between Professional Representatives Entities and their Members.
Extensive work on Establishing Trade and Business Relationship Between California and Egypt
U.S. and Egypt Share a Strong Partnership
The U.S. established diplomatic relations with Egypt in 1922, following its independence from protectorate status under the United Kingdom. The U.S. and Egypt share a strong partnership based on mutual interest in Middle East peace and stability, economic opportunity, and regional security. Promoting a stable, prosperous Egypt, where the government protects the basic rights of its citizens and fulfills the aspirations of the Egyptian people, will continue to be a core objective of U.S. policy.
The United States and Egypt have a strategic relationship based on shared interests and values that span almost two centuries. The two countries are partners in counterterrorism, anti-trafficking, regional security, and economic opportunity. The U.S. has provided over $50 billion in military aid to Egypt since 1978, which has helped Egypt protect its borders and confront terrorism. The U.S. and Egypt also collaborate to expand commercial ties, increase foreign direct investment, and ensure safe transit through the Suez Canal.
The U.S. core policy objective is to promote a stable and prosperous Egypt that protects the rights of its citizens and meets the needs of its growing population.
The United States and Egypt have a strategic economic and security partnership
The two countries have a shared commitment to strengthening bilateral economic cooperation. This includes expanding trade, increasing private sector investments, and collaborating on clean energy and climate technology.
Egypt is one of Africa’s industrial heavyweights. Transforming the country’s economy to sustain job-rich and sustainable growth are pivotal steps in its march towards prosperity. Today’s search for new development models, accelerated by the unfolding of the COVID-19 pandemic, calls for shifting up a gear in raising Egypt’s industrial capabilities to compete in an industry 4.0 and agro 4.0 landscape. The Production Transformation Policy Review (PTPR) of Egypt uses a forward-looking framework to assess the country’s readiness to embrace change. This includes an analysis of the game-changing potential of the African Continental Free Trade Area (AfCFTA) and perspectives on agro-food and electronics (i.e. what in Egypt is referred to as part of the engineering sector), as well as identifying priorities for future reforms.
The U.S. and Egypt also share interests across the Middle East. Both countries are aligned on Israel, Iran, and the regional effect of dysfunctional states such as Libya, Syria, Yemen, and Iraq.
U.S. assistance has long played a central role in Egypt’s economic and military development. An estimated 250,000 first or second-generation Egyptians live in the United States, while nearly 60,000 U.S. citizens reside permanently in Egypt.
The U.S. embassy is located in Cairo, and there is also a U.S. consulate in Alexandria.
The U.S. and Egypt also have a Bilateral Investment Treaty, signed in 1986, to promote and facilitate investment between the two countries. The treaty was modified and entered into force in 1992. The U.S. and Egypt also have a trade and investment framework agreement, which is a step toward creating freer trade and increasing investment flows. In 1996, the U.S. Congress established the Qualifying Industrial Zone (QIZ) initiative to support the peace process in the Middle East. The QIZ initiative allows Egypt and Jordan to export products to the United States duty-free as long as such products contain inputs from Israel.
The U.S. and Egypt have a Treaty on Mutual Legal Assistance in Criminal Matters, signed in 1998. The U.S. also has a long-running cooperation with the Egyptian military, including the BRIGHT STAR 2023 exercise, which focuses on regional security and cooperation.
In 2022, the U.S. imported $2.8 billion in goods from Egypt and had a trade surplus of $3.6 billion.