No. 28



As Egypt Calls For More Trade And Less Aid

As a step in this direction, Egyptian Foreign Minister 'Amr Musa requested during avisit to the US, which began on 9 July, that annual US military aid of $2.1bn to Egyptshould be exchanged for improved terms and volume of US/Egyptian trade as well asincreased US investment in Egypt. The request is part of an effort to improve thecountry's current account and reflects hopes that the US will offer Egypt similar terms to...