Egypt's President Anwar Sadat met a top-level delegation of western businessmen in Cairo on Tuesday (9 December) as part of a three-day seminar to discuss economic conditions in Egypt.
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SV Businessmen seated. PAN TO Head of mission making speech, TO Sadat and other businessmen. (3 shots)
SV Sadat accepting medal from mission head.
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Background: Egypt's President Anwar Sadat met a top-level delegation of western businessmen in Cairo on Tuesday (9 December) as part of a three-day seminar to discuss economic conditions in Egypt.
The symposium -- attended by 150 chairmen of leading United States, European and Japanese companies -- has been organised by the International Labour Association.
The Egyptian conference leaders describe the aims of the meeting as giving the world community a picture of investment opportunities in Egypt. Egyptian state minister, bankers and financiers are taking part to answer questions on the country's trade policy and new import-export regulations.
The United States has already requested Egyptian approval for American investment to enable trade organisations and banks to begin immediate operations. In addition, both the French and British Trade ministers are expected to visit the country shortly to discuss economic relations, while a Soviet delegation is due to arrive in the next few weeks to consider the rescheduling of Egypt's debts to the Soviet Union.
President Sadat's efforts towards revitalising the Egyptian economy were marked by the western businessmen with a special award of honour.