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Egypt’s trade minister touts $994 mln trade exchange in meeting with Swiss ambassador

Egyptian Minister of Trade and Industry Ahmed Samir said on Tuesday that Egypt and Switzerland have distinguished trade and investment relations.
09.02.23 | Source: ahram online

Samir made the remarks in a meeting with Swiss Ambassador to Egypt Yvonne Baumann in Cairo.

Switzerland is also "one of the most important countries investing in the Egyptian market," contributing $2.2 billion across 433 projects, he added.

The meeting dealt with preparations for the visit of Swiss State Secretary for Economic Affairs Helene Budliger Artieda to Cairo in early July.

Artieda will head a delegation of businessmen from Switzerland to review investment opportunities and advantages in the Egyptian market in various productive and service sectors, according to a statement by the Egyptian ministry.

Samir pointed to the ministry's desire to benefit from Swiss expertise and experiences in developing small and medium enterprises and green economy projects, as well as in developing technical and vocational training systems.

This will contribute to the provision of qualified cadres for Egypt’s industrial sector in general and the needs of Swiss investments in Egypt in particular, he said.

“There are distinct investment opportunities for the Swiss business circles in the Egyptian market in a large number of productive sectors, especially projects related to food security, chemicals and fertilisers to meet the needs of the Egyptian market and export to the markets of the countries of the African continent within the framework of the African Continental Free Trade Area (AfCFTA),” the statement quoted Samir as saying.