Trade and Industry Minister Nevin Gamea said on Friday that trade between Egypt and Sweden witnessed a remarkable increase of 25 percent in 2020 and amounted to about 913.4 million dollars, compared to 734 million dollars in 2019.
Gamea pointed out that trade relations between Egypt and Sweden were not affected by the crisis with the coronavirus. She noted that wood, machinery, equipment, vegetables and fruits are the most prominent goods exchanged between the two countries.
She also announced the start of a joint Egyptian-Swedish business forum aimed at strengthening industrial and commercial cooperation between the private sector in each country.
Gamea emphasized the importance of the central role of business in Egypt and Sweden in strengthening trade and investment cooperation between the two countries during the next stage.
The announcement came during the extended meeting between Gamea and the Swedish Foreign Minister Anna Hallberg and her accompanying delegation during their visit to Cairo.
Gamea further indicated the willingness of both sides to strengthen cooperation in the development of small and micro enterprises through Medium, Small and Micro Enterprise Development Agency and its Swedish counterpart. This aims to provide financial and general support from Sweden to Egypt through international funding bodies in various sectors.
The meeting also examined the possibility of coordination between Egypt and Sweden during the Dubai Expo 2020, which is expected to open in the next few days. The two countries can organize joint events and hold business meetings between investors.
Edited translation by Al-Masry Al-Youm