Sunday, 29 August 2010 14:53
The Swedish official Stands towards Kuwait:
The Swedish government has taken an honorable stand during the Iraqi invasion of Kuwait in 1990.
· Sweden supported all the UN resolutions related to Kuwait during the
invasion of the former Iraqi regime in August 1990.
· It condemned the invasion and demanded an immediate withdrawal
of the invading Iraqi troops.
· Sweden took part in liberating Kuwait by offering a field military hospital
that constituted 350 beds and 525 doctors and technicians serving in it.
Bilateral agreements between the Two Countries:
An agreement that organizes aviation between the two countries signed
on 17 June 1976.
An agreement of land transportation of passengers and goods, and a protocol attached to it signed on 24 January 1979.
An agreement of encouraging and protecting investments between the two countries, completely signed on 7 November 1999, and entered into force on 10 May 2002.
A project of an agreement to avoid a dual taxation between the two countries.
Kuwaiti Investments in Sweden :
Kuwaiti investments in Sweden are allocated in several Swedish major companies such as OK-Q8, Ericsson, Scandia, SEB, Nordea, IKEA, Volvo and other investments in real estates.
Trade between the Two Countries:
The period between 1990-1993, trade between the two countries declined drastically due to the invasion of the former Iraqi regime.
The year 1993, directly after the liberation of Kuwait, trade between Kuwait and Sweden reached its climax with 25.133.785 KD (Kuwaiti Dinar, 1 KD = 23.29 SEK)
During the period of 1994-1999, trade exchange between the two countries developed gradually, with exception of 1999, where it declined to 14.354.005 KD.
In the period between 2000-2005, trade exchange between the two countries reached to 565.380.008 KD.
Trade Exchange between Kuwait and Sweden:
During the years from 1990 to 2006
*Source: Statistics Sweden
Trade Exchange Balance:
During the period between 1990 to 2005, the balance was in the benefit of Sweden. Despite the fact that the balance is still in the benefit of Sweden the difference is gradually decreasing.
Obstacles in trade
High price of currency exchange
The high price of Swedish goods caused incapability to compete in the market
Cooperation between the Two Countries in the Scientific Field:
A delegation from Kuwait University headed by Dr. Helal Al-Sayer, Dean of the Medicine Faculty, and the Head of the Surgery Section visited Sweden, during the period 31 October to 2 November 1993. The delegation discussed with medical faculties from different Swedish Universities the possibilities for cultural and scientific cooperation between them.
Cooperation in the Military Field:
There is an offer presented from Sweden to Kuwait to purchase “Volvo” military vehicles, and the Kuwaiti military authorities are studying the offer.
There are visit exchanges payed every now and then between the two countries.
A delegation of three Kuwaiti officers participated in a military course specialized in humanitarian services during the war, that was organized by the Swedish Ministry of Defense in January 2006.