The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Switzerland and SA strengthen relations amid rising trade

 

11 October 2012
 
 
Cape Town - Switzerland and South Africa held high-level consultations on a number of issues, including how they can co-operate in promoting peace in Africa, with trade between the two countries having risen by 25% in the last five years.
 
The Deputy Minister of International Relations, Marius Fransman, and Switzerland's State Secretary for Foreign Affairs, Yves Rossier, agreed that both countries would look at increasing mutual co-operation to support Somalia and the Horn of Africa region, and to encourage the process of reconciliation.
 
During the 4th session of the SA-Switzerland High Level Consultations in Cape Town, Fransman and Rossier also discussed how to strengthen economic and investment co-operation.
 
While Switzerland is ranked sixth when it comes to the value of foreign direct investment (FDI) in South Africa, according to the Swiss Embassy, trade between the two countries had risen sharply in the last five years.
 
Fransman said total trade between Switzerland and South Africa had risen by 25% since 2007, while SA exports to Switzerland increased from R8.8 billion in 2007 to over R21 billion in 2011.
 
Switzerland imports mainly platinum, diamonds and other precious metals from South Africa and mainly exports pharmaceutical products to South Africa.
 
Rossier said Swiss companies - which include Nestle, Schindler, pharmaceutical company Novarti and electrical engineering giant ABB - employ over 37 000 people in South Africa, all in skilled jobs.
 
He said Switzerland has long invested significantly in education in the past years and that therefore Swiss companies viewed the upskilling of employees as vital.
 
He also pointed out that Switzerland and South Africa shared a lot of views on various issues, especially on human rights and added that the European country had a lot to learn from South Africa's history and the moral impact it had made on the world.
 
Fransman said the co-operation with Switzerland would be strengthened, particularly around learning from the European country on how to tackle inequality and poverty.
 
He said both South Africa and Switzerland agreed on the importance of human rights, a value-based society and the rule of law.
 
He said the two also agreed that multilateral institutions such as the IMF and World Bank needed to reform to be more representative of the developing world.
- SAnews.gov.za
 


 
 
 
 
 
 
 
 
_________________________________________________

April 2017 Edition

_________________________________________________

Translater


 
 
 
 
 
 
 
 

Science, Technology and Environment Cooperation between South Africa and Argentina 6 April 2017 The Scientific and Technological Cooperation between South Africa and Argentina was further enhanced... <|> High Court on Dagga 6 April 2017 The Hemp, Dagga, Weed, Herb, Marijuana and a plant by any other name, Industrialisation report back presentation was full of positive excitement. Medicines,... <|> Transforming ballet in South Africa 10 April 2017 Transformation in ballet has a long way to go. In order to make the most of talent that is available in South Africa, talented dancers from all... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Commemorating 20 years of Signing the Red Fort Declaration and bidding farewell 10 April 2017 20 Years ago late President Nelson Mandela of South Africa and Mr HD Deve Gowda, former Prime Minister... <|> Transnet launches first ever train 4 April 2017 Transnet has officially launched it’s the first ever train which it designed, engineered and manufactured. The locomotive, which will serve the... <|> Deputy Minister Landers concludes successful working visit to Central America 7 April 2017 International Relations and Cooperation Deputy Minister Luwellyn Landers has concluded his Working Visit... <|> Sri Lanka and South Africa pursue enhanced cooperation 18 April 2017 The Sixth Session of the Senior Officials’ Meeting of the Partnership Forum between Sri Lanka and South Africa was held in... <|> UN Designates Malala Yousafzai as Messenger of Peace 11 April 2017 United Nations Secretary-General António Guterres designated Malala Yousafzai, global advocate for girls’ education and the... <|> South Africa and Qatar explore investment opportunities 12 April 2017 Pretoria - The President of the Black Business Council, Dr Danisa Baloyi, says South Africa should take advantage of the... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.