Acting Deputy Under Secretary of Commerce Ken Hyatt, Nine U.S. Firms to Visit Cairo
April 11, 2013
WASHINGTON – U.S. Acting Deputy Under Secretary of Commerce for International Trade Ken Hyatt today announced he will lead a multi-sector trade mission to Egypt, April 13-15. The U.S. delegation will include representatives from nine U.S. firms that offer a broad range of products and services from a variety of industry sectors, including information technology, construction, renewable energy, and security.
“This trade mission reiterates the United States’ commitment to deepening our long trade relationship with Egypt and to growing the already strong connections between our respective business communities,” Hyatt said. “The participating U.S. companies are eager to better understand the challenges and opportunities to doing business in Egypt, and we hope this mission helps pave the way for mutually beneficial partnerships for these companies in the future.”
The following companies were selected for participation in the trade mission:
1. FirmGreen, Inc. Newport Beach, Calif.
2. Google, Inc. Mountain View, Calif.
3. Greeley and Hansen, LLC Chicago, Ill.
4. Maybe, Inc. Elkridge, Md.
5. Pioneer Solar Irvine, Calif.
6. SunEdison Belmont, Calif.
7. Rapiscan Systems, Ltd. Torrance, Calif.
8. Raytheon International, Inc. Waltham, Mass.
9. Vanguard Defense Industries, LLC Spring, Texas
The United States is Egypt’s largest bilateral trading partner, with trade totaling $8.4 billion in 2012. In 2010, the United States stock of foreign direct investment in Egypt was $11.7 billion.
This trade mission advances President Obama’s National Export Initiative which aims to double U.S. exports by the end of 2014, supporting economic and job growth. Participating firms will gain market insights, make industry contacts, solidify business strategies, and advance specific projects with the goal of increasing U.S. exports to Egypt.