17 March 2018 06:08 AM

Economic Relations

Tuesday، 17 November 2015 12:00 AM

The two main Swiss bodies responsible for dealing with, formulating and implementing policies concerning international cooperation and development are State Secretariat for Economic Affairs SECO, affiliated to the ministry of economic affairs, and the Swiss Agency for Development and Cooperation SDC, affiliated to the Ministry of the Foreign Affairs. SECO has been in a cooperation program with Egypt for nearly 20 years, the most important pillars of SECO's program in Egypt was its contribution to the financing of infrastructure projects, which coasted about 300 million SF, and had been implemented through the mixed-financing programme.

The above mentioned program targeted three main areas: financing of infrastructure projects in order to attract investment - to support the activities of the Swiss Agency for Investment SOFI – promoting trade and export.

The most important economic cooperation projects that had been implemented in are as follows:

• The Egyptian Swiss Fund for Development (ESDF) was established in 1995 based on an agreement signed between the Egyptian Ministry of International Cooperation and (SECO)with a capital of 265 million Egyptian pounds, a sum equivalent to 60% of the amount of 150 million francs from Egypt's external dept to Switzerland, the agreement stated that the Fund to function in Egypt during the period 1995 – 2007. The Fund's function was extended until 2009. Its work aimed at supporting the activities of the Egyptian NGOs, communities with low-income, that was in the three specific areas: primary education – health- employment. In the year 2009, the two countries signed a memorandum of understanding on the closure of the Egyptian Swiss Development Fund in December 2009. Now, the new strategy for cooperation between and for the years 2009 – 2012 has been applied.

• The project on development of hospitals and radiology units in cooperation with the Ministry of Health, aimed at supporting the health sectors development program in that was carried out in cooperation between the International Bank, USAID, and the African Development Bank, the European Union and implemented in – Menoufiya – Sohag. The costs of the first phase of the project reached 11.5 million SF (about $9 million) took place during the period from 2002 to 2004.

• The project of upgrading blood transfusion services in Egypt, implemented by the SECO, in cooperation with the Ministry of Health. During the first phase the implementation of several blood units has been completed in eight governorates (Cairo – Giza – Bank – Dakahlia – Alexandria – Ismailia – Minya – Aswan), in addition to 30 blood banks.

• The project of Renewal Irrigation pumping stations in Upper Egypt, the project aimed at contributing to the development of the main irrigation stations (pumps) along the stream. The contribution of stipulates 8.5% of the total cost of the project.

• The project of establishing a service centre for developing footwear and leather manufacturing the project carried out with funding from SECO in two phases: from 1999-2002 with the total coat amounting to 330'000 dollars, and from 2002 to 2005 with the total cost amounting to 550'000 dollars. The project aimed at developing programs in the leather industry in in cooperation with the United Nations Industry Development Organization (UNIDO).

• The project of support Egyptian imports, to boost the efforts of the Egyptian economy to more integration into the global economy by providing the technical assistance to small and medium enterprises in the area of managements, and marketing.

• The project of management and information systems for hazardous waste was implemented in two phases by the Swiss Development and Cooperation SDC in cooperation with the Ministry of Environment. It had been completed in two phases in 2003 with a total cost of $2.5 million francs.

List of trade figures:

Exports from Switzerland reached the amounts of 656.3 million SF in 2009 (+4.9 compared to the previous to the previous year), the main exports products from to are: chemical (18.9%), pharmaceutical products (42%), machinery (20.7%), watches (4.7%) optical and medical instruments (3.7%).

Imports of from Switzerland reached the amount of 109.3 million SF in 2009 (+287.5% compared to the previous year) the main import products: Fossil fuel (721.1%), agricultural products (15.4%) and textile (5%).

The volume of Swiss direct investment in was about 191 million SF in 2008, the most important Egyptian direct investment in is in the Egyptian tourist resort project carried out by the Egyptian company Orascom established in the region, " Andermatt" the estimated cost of the project in one billion and two thousand million SF. The most important areas of the Swiss investment in are in the pharmaceutical industry, food products, hotels and restaurants, the power generation sector, the banking sector and banking services.

Contractual Framework

The most important agreements signed between the two countries:



Trade Agreement



Interim Trade Agreement



Treaty of Friendship



Agreement on Air Transport



Payment Agreement



Protocol of the Payment Agreement



Convention on promotion and reciprocal protection of investments



Cooperation Agreement on the peaceful uses of nuclear energy



Convention for the Avoidance of Double Taxation



Agreement on the lines of traffic



Agreement on the partial reduction of external debt and the establishment of an Egyptian-Swiss Development Fund



Treaty of Mutual legal Assistance in Criminal Matters



Agreement on trade in agricultural products



Memorandum of Understanding for Economic Development Strengthening Cooperation between the Government of the Swiss Confederation represented by the States Secretariat for Economic Affairs (SECO) and the Government of the Arab Republic of Egypt represented by the Ministry of International Cooperation



Agreement between the Swiss Confederation and the Arab Republic of Egypt concerning Closure and Disbandment of the Egyptian-Swiss Development Fund

Agreements under ongoing negotiation:

• Agreement to modernize the air transport agreement signed between the two countries.
• Agreement on the transfer and trade of cultural relations between the Supreme Council of Antiquities.
• The new Convention on the mutual promotion and protection of investment.

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