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Gamea meets Swiss ambassador in Cairo for cooperation talks
27 January 2021  -  Organization :  -  Sector/Entity :  -  Category : General

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The meeting discussed facilitating the access of Egyptian agricultural and food exports into the European Free Trade Association (EFTA) through Switzerland, which is a member state.

Cairo- Jan 27, 2021

Minister of Trade and Industry Nevine Gamea has received Swiss Ambassador to Egypt Paul Garnier, where they explored means to expand economic cooperation between the two countries.

The meeting discussed facilitating the access of Egyptian agricultural and food exports into the European Free Trade Association (EFTA) through member state Switzerland.

Gamea stressed the importance of strengthening cooperation with the Swiss side in the field of SMEs, especially since nearly 99% of Swiss businesses are small and medium enterprises, making up  about two-thirds of jobs in the country’s economy.

She pointed out that the Egyptian government seeks to boost exports with competitive advantage to the Swiss market, mainly: agricultural products, food, furniture, ready-made clothes, plastics, chemicals, essential oils and medicinal plants.

 

Garnier, for his part, affirmed his country's keenness to deepen joint economic cooperation, especially that Egypt is the main gateway into Africa and the largest market for Swiss exports on the continent.

According to official data, bilateral trade reached $960 million in 2020. Switzerland ranks 15th among the major investors in the Egyptian market, with a capital of $2.179 billion in 433 projects.

 

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