Egypt, US step closer to free trade negotiations

Egypt's ambassador in Washington Nabil Fahmy said that Egypt and the United States are stepping closer to launch official negotiations to enter into an agreement to set up a free trade zone, declining to name a date for these negotiations.

Addressing the US-Egypt Friendship Society in Washington, Fahmy said that he expects the negotiations for a free trade, once officially launched, to be tough but would not stay for long thanks to understanding between the Egyptian and American sides over negotiable issues.