21 March 2023 07:46 AM

Economic Relations

Tuesday، 17 November 2015 12:00 AM

The statistics of the Swedish Trade Council indicate that the bilateral trade between Egypt and Sweden is at a good level and growing. In 2008, the volume of bilateral trade mounted to $ 833 million (of which $ 800 million are imports from Sweden, mostly electric regenerators, industrial, and agricultural machinery, medical equipment, communication devices, electrical appliances, technological devices, wood, and 33 million dollars constitute the Egyptian exports to Sweden which mainly include vegetables and fruits, canned foods, and readymade clothes)

Egypt and Sweden have unique economic and commercial relations that are witnessing constant development. In 1975, a joint Egyptian-Swedish committee was established for economic, commercial and technical cooperation and it convenes alternately in both countries.

There is also a joint council for Egyptian and Swedish businessmen.

The Swedish Fund for Industrial Cooperation with Developing Countries is a stakeholder in three Egyptian-Swedish companies, with 28 million Kronor.

Sweden made a capital contribution of L.E. 28 million to nine investment projects in Egypt.

In 2009, Minister of Trade and Industry and Swedish Minister of Trade Ewa Björling exchanged visits and agreed on starting cooperation between Swedish financial institutions and Exports Development Bank to offer credit facilitations promoting cooperation and trade among companies in both countries. This is in addition to benefiting from the Swedish experience in the field of building cities specialized in modern industries, environment-friendly technology, renewable energy and recycling. This is beside developing exports, modernizing industry and upgrading domestic trade system.

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