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Switzerland’s Trade with Egypt to Double Within Two Years

December 1, 1976
See Original Daily Bulletin From This Date

Swiss Minister for Economic Affairs Ernst Brugger said here today that Switzerland’s trade with Egypt will practically double within two years. Brugger told the Swiss Federal Council, the government, that economic exchanges between the two countries will top 200 million Swiss francs (about $80 million) by 1977.

Brugger, who has just returned from an official visit to Egypt, called on Swiss banks to grant long-term, low-interest credits to Egypt as a condition for a trade expansion between the two countries.

He also said Switzerland and Jordan will sign next month an agreement providing for economic and technical cooperation. The minister told the Council Jordan is interested in Swiss aid in the area of electronics, telecommunications, tourism and construction.

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