New Greek-US Committee to Encourage Investment Activity

On the back of a recent visit to the Unites States by Greek Prime Minister Alexis Tsipras last month, Economy Minister Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt agreed to the creation of a Greek-US investment committee.

During a meeting earlier this week, the two men agreed to the establishment of a special committee that will examine and promote investor interest with the aim to further strengthen Greece-US ties and foster collaborations between the two countries. The body, which will convene twice a month, will be run under the Greek economy ministry and the US Department of Commerce.

Papadimitriou and Pyatt are scheduled to visit the US in December within the context of the newly set-up investment committee.

The two countries are already partners in economy and trade, education, science and innovation and humanitarian response, among others.

Greek Prime Minister Alexis Tsipras, Economy Minister Dimitris Papadimitriou and US Ambassador to Greece Geoffrey Pyatt recently met with US President Donald Trump in Washington. Photo Source: @Prime Minister GR

On his US visit, Tsipras and US President Donald Trump discussed cooperation in the areas of defence, energy and trade as well as investments in Greek oil resources. Priorities for the NATO allies include extending the agreement to use the Souda Bay US naval base on Crete, and the upgrade of Greece’s fleet of F-16 military jets at a reported budget of 1.4 billion dollars.