Egypt’s Trade Minister hails economic relations with Sweden

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Egyptian Trade and Industry Minister Amr Nassar asserted on Sunday the importance of turning the economic and strategic relations between Egypt and Sweden into real partnerships in various fields.

Such partnerships will serve the economy of both countries, Nassar told a meeting with Swedish Ambassador in Cairo Jan Thesleff in presence of a delegation comprising the chiefs of major Swedish companies operating in Egypt.

They discussed means of increasing Swedish investments in the coming period as Egypt is one of the key markets for Swedish exports in African and Middle East.

Nassar, yet, stressed the importance of promoting Egyptian exports to Sweden to cut a current balance of trade deficit.

He estimated the trade exchange in the first eight months of this year at $541 million.

Sweden has total investments of $ 133.5 million in 121 projects in fields including industry and IT, according to the minister.

Source: MENA