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
 


 
 
 
 
 
 
 
_________________________________________________

May 2017 Edition

_________________________________________________

Translater


 
 
 
 
 
 
 
 
 
 

South Africa and Brazil enjoy strong relations 16 May 2017 South African International Relations and Cooperation Minister Maite Nkoana-Mashabane hosted the Minister of External Relations of the... <|> Ambassador Christophe Farnaud awards Alan Mabin On Monday 15 May 2017, the Ambassador of France to South Africa, H.E. Mr Christophe Farnaud, hosted a reception in honor of Professor Alan Mabin to... <|> SKA SA bags yet another milestone 17 May 2017 The Square Kilometre Array (SKA) SA team has presented the first Array Release (AR) 1.5 images taken with MeerKAT 32, to Science and Technology... <|> Paint the World 21 May 2017 Ms Lika Torikashvili, a Georgian teenager and five of her friends took some balloons and a guitar to a hospital in Tbilisi to cheer up patients with colour and music.... <|> 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... <|> SA participates in National Urban Policy conference 21 May 2017 South African Cooperative Governance and Traditional Affairs Deputy Minister Andries Nel has participated in the Second International... <|> IDSA Organizes Successful Charity Bazaar 22 May 2017 The International Diplomatic Spouses Association (IDSA) organized a successful Charity Bazaar and Family Fun Day at the St. Mary’s DSG in... <|> AU - EU has a strong Partnership 22 May 2017 Dr. Amani Abou-Zeid, the African Union Commissioner for Infrastructure and Energy has stated that the AU-EU partnership is one of the most structured of... <|> Travel across Africa 19 May 2017 Africa Visa Openness Index notes that Africans were able to travel more freely across the continent in 2016 compared to 2015. The African Development Bank in... <|> Hungary and South Africa Water cooperation 24 May 2017 Mr Szilverszter Bus, Deputy State Secretary of the Ministry of Foreign Affairs and Trade for Hungary was in South Africa. A cooperation... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.