Egyptian-Swiss cooperation to boost textiles sector

Daily News Egypt
2 Min Read
Head of the Federation of Industries Mohamed Al-Sewedy said that cabinet has agreed to activate the law of local product preference. (AFP File Photo)
A joint council, made up of the Shura Council’s Financial and Public Administration Committees, released a statement demanding that steps be taken to help develop Egypt’s textiles sector, in addition to working to increase funding for small, micro and handcraft development projects (AFP Photo)
A joint council, made up of the Shura Council’s Financial and Public Administration Committees, released a statement demanding that steps be taken to help develop Egypt’s textiles sector, in addition to working to increase funding for small, micro and handcraft development projects
(AFP Photo)

By: Ibrahim al-Masri

A joint council, made up of the Shura Council’s Financial and Public Administration Committees, released a statement demanding that steps be taken to help develop Egypt’s textiles sector, in addition to working to increase funding for small, micro and handcraft development projects.

The council’s announcement was made following a recent agreement signed between Egypt and Switzerland to increase logistical, financial and human resource cooperation between the two countries. These demands were made considering Switzerland’s place as one of the most advanced textile development countries in the world.

A report released by the council requested that support for integrated projects and infrastructure be increased in accordance with the priorities and needs of Egypt’s provinces. They further requested that agreements signed between the two countries include clauses that would lead to improving infrastructure development, in addition to increasing monetary funding for the production of basic goods and products and the extraction of natural resources. They also requested that human resource aid be provided to Egypt from Switzerland, and that grants be given to the former from the latter to those suffering from natural disasters.

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