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Egypt: Legal reforms proposed to minimize obstacles to investors

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Egyptian Minister of Investment and International Cooperation promised legal reforms that would support investors and minimise obstacles they currently face. This was at a meeting by the American Chamber of Commerce in Egypt. The new legislation should include incentives for investors in certain fields. There will be particular emphasis on those that create more job opportunities, increase exports or offer products that Egypt currently imports. During the meeting, president of the American Chamber of Commerce in Egypt Anis Aclimandos expressed optimism over increasing US investments to Egypt. The planned visit by Egyptian President Abdel-Fattah El-Sisi to the US in April to meet US President Donald Trump will likely improve relations, especially in the political and economic fields. Trade between the two countries has exceeded $5.5 billion and involves 1,000 American companies investing in Egypt.


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