Pyatt: Greek-US Trade and Investment Relations at the Forefront of Economic Diplomacy

April 24, 2020

ATHENS – The strong bonds between Greece and the US, a relationship that has acquired a strategic character, were highlighted at a round table digital discussion on Friday organised by the US think tank “Business Council for International Understanding (BCIU), with Deputy Foreign Minister for Economic Diplomacy and Openness Kostas Fragogiannis and US Ambassador Geoffrey Pyatt as key speakers, focusing mainly on the investment prospects and opportunities opening up in Greece.

Addressing an audience of representatives of US firms in the “US Fortune 500”, Fragogiannis outlined the way the Greek government addressed the coronavirus pandemic, now internationally acknowledged as effective and successful, underlining that Greece has shown itself a groundbreaker in dealing with international challenges, which makes it a reliable partner and stable investment destination.

Fragogiannis noted that the pandemic crisis creates new conditions and new opportunities in the way that international economic and trade relations operate, noting that Greece is rapidly preparing for the the ‘day after’. He described the new investment framework and the potential that exists in Greece for strategic investors, with emphasis on innovative and startup businesses in the digital economy, renewable energy sources and service sectors.

Both Fragogiannis and Pyatt later confirmed the strategic relationship and the excellent prospects in economic cooperation between Greece and USA through tweets in their personal accounts.

“The strategic relations between Greece and the US is at its best point of their traditionally close relations,” said Fragogiannis in his tweet, underlining that this relationship “enhances the US investors’ trust in Greece. Despite the COVID-19 crisis economic diplomacy continues steadily.”

On his part, Pyatt expressed his satisfaction over the round table discussion and underlined the importance of “the excellent US-Greece trade & commercial cooperation & the many opportunities for growing two-way investment in key sectors. As Greece emerges from immediate #COVID19 crisis, economic ties are at forefront of our agenda”.


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