January 5, 2021
Cairo – Secretary of the Treasury Steven Mnuchin visited Egypt January 5 and 6 to reaffirm the enduring U.S. commitment to Egypt, discuss ongoing efforts to facilitate an agreement on the Grand Ethiopian Renaissance Dam, and explore areas of further economic and security cooperation. During his visit, Secretary Mnuchin met with President Abdel Fattah El-Sisi, Minister of Foreign Affairs Mr. Sameh Shoukry, Minister of Water Resources and Irrigation Dr. Mohamed Abdel Aty, and Minister of Finance Dr. Mohamed Maait.
Secretary Mnuchin stressed on his travels to Egypt and Sudan the need to equitably resolve the outstanding points of disagreement to forge a binding agreement on the Grand Ethiopian Renaissance Dam that addresses Egyptian equities as well as those of other parties. He welcomed the flourishing bilateral trade and investment relations between the United States and Egypt and looked forward to their recovering to pre-pandemic levels in the near future. The Secretary discussed U.S. best practices in combating money laundering and terrorist financing.
“Egypt is a vital partner of the United States, as demonstrated by the over 1,200 American companies active here, with total bilateral trade growing 76% over the past four years,” said Secretary Steven T. Mnuchin. “I thank President Sisi for his warm welcome and for our productive meetings as we explore further economic and security cooperation.”