Washington:Egypt's ministers of Planning and Economic Development, Ahmed Rostom, and Investment and Foreign Trade, Mohamed Farid, held discussions with US Commerce Secretary Howard Lutnick to explore ways to enhance trade and investment ties between the two nations. The talks focused on the impact of recent US trade policy developments on bilateral trade.

According to State Information Service Egypt, the meeting took place on November 11, 2026, during the B20 Business Summit, a precursor to the G20 meetings, with Egypt's Ambassador to the United States, Mohamed El-Molla, in attendance. Rostom highlighted Egypt's economic resilience despite regional geopolitical challenges, noting a rise in real GDP growth to 5.1% for the fiscal year 2025/2026, up from 4.4% the previous year.

Rostom also addressed the country's progress in controlling inflation, with the annual headline rate decreasing to 12% in October 2026, from 12.8% in September, alongside a reduction in core inflation to 14.1%.

Farid discussed opportunities to bolster cooperation on trade remedies and exchange expertise according to fair technical and commercial standards. He confirmed both parties' commitment to ongoing technical consultations aimed at promoting fair competition for Egyptian exports and facilitating bilateral trade flows.

Furthermore, Farid announced the impending launch of Egypt's national foreign direct investment strategy, which will prioritize sectors and guide investment promotion towards high-value projects. He identified advanced technology sectors, including ICT, automotive technology, smart mobility, and cybersecurity, as promising areas for cooperation with US companies in manufacturing and technology transfer.

The minister also emphasized the importance of coordinating among relevant entities to develop a platform for economic entities, designed to streamline the process for investors from company establishment to operation.