U.S. Treasury Secretary Timothy Geithner held a meeting with Saudi businessmen at Jeddah Chamber of Commerce and Industry today. During the meeting, the U.S. Treasury Secretary delivered a speech in which he praised the economic ties between the United States of America and the Kingdom of Saudi Arabia in particular and the Gulf Cooperation Council states in general, describing these ties as part of the strong strategic partnership between the United States and GCC states. "The United States and the Kingdom of Saudi Arabia have a long legacy of economic relations", he said. U.S. Treasury Secretary spoke about the strategy he suggest that it plays an important role in the economic recovery, reviewing the efforts made by the United States so far to address the global financial crisis. He also hailed the important steps taken by the Kingdom of Saudi Arabia to combat the financing of terrorist groups and the spread of nuclear weapons.
