Release Date: Jan 15, 2010Contact: 888-249-NEWS
U.S. Chamber to Lead Trade Delegation to Middle East
Business Community Reaffirms Commitment to the Region During Period of Global Economic Recovery
WASHINGTON, D.C.—To leverage American business activity in the Middle East during the current international economic recovery, the U.S. Chamber of Commerce embarks on a six-day trade delegation, beginning January 16, to meet with government and private sector leaders in the United Arab Emirates (UAE), Egypt, and Israel.
"This is an important time for the Middle East as the world begins following a path to economic revival," said Myron Brilliant, the U.S. Chamber's senior vice president of International Affairs and delegation leader. "Each of these nations possesses immense strategic importance in one of the most dynamic regions in the world."
"We believe American companies need to actively seek greater involvement in the Middle East," Brilliant continued. "It is crucial now more than ever in this period of recovery to utilize business and commerce to strengthen longstanding ties between the United States and these countries."
In 2009, the UAE, Israel, and Egypt purchased more than $25 billion in American exports, according to the U.S. Department of Commerce. Trade between the United States and the Middle East and North Africa is expected to reach $200 billion in 2010, and U.S. exports have increased more than 25% in the last five years.
"This trip will be another opportunity to demonstrate commitment to enhancing bilateral international relations while also strengthening business and trade relationships," Brilliant said.
The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.
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