President Obama announced that the United States would embark on a business exchange program in areas such as telecommunication and electronic technology, health care, education and infrastructure with the Muslim World. It is a part of the larger outreach efforts by his administration to begin a new era in US relations with Muslims. He declared that such new era “has already begun.” The announcement came in the Presidential Summit on Entrepreneurship in Washington D.C. The idea of the Summit had been mentioned in Obama’s Cairo speech last June.

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