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Article

6 Mar 2015

Author:
Local (Sweden)

Swedish firms fear losing business in Arab world

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Sweden decided to limit military ties with Saudi Arabia days after accusing the oil rich country of blocking [Sweden’s Foreign Minister Margot Wallström] from speaking at an Arab League meeting. Her cancelled remarks, published by the Swedish foreign ministry, did not mention Saudi Arabia but stressed women's and human rights...While the move was widely praised by human rights campaigners, as the diplomatic row unfolded, 31 business people submitted a debate article to Swedish newspaper Dagens Nyheter, warning that a government decision to halt its military agreement with the Saudis could damage Swedish exports to the Arab world... Leif Johansson, chairman of Swedish telecommunications giant Ericsson also told newspaper Dagens Industri: “If you make yourself the enemy of the Arab League it could cause very great damage. But we don't know how this will play out until after a few years, it depends completely on how we manage to patch up our relations with these countries.”..