As the drive for re-engagement continues to gain traction, Swiss Ambassador Nikulin Yeager has advised Zimbabwean businesses to make full use of Switzerland as a hub for business, trade and entry into European markets.
Mr. Jager founded the Swiss-Zimbabwe Chamber of Commerce with the aim of promoting investment and trade between the two countries.
The Chamber will unite businesses to exchange views and experiences, help find common ground and lobby the interests of its members.
Reaching this consensus will strengthen the dialogue between government and business.
“Switzerland, as a leading European investor, invites and encourages Zimbabwe to make full use of Switzerland as a hub for business, trade and entry into the European market,” he said, adding: “I look forward to welcoming the creation of Zimbabwe’s businesses. offices and representative offices in Switzerland ”.
Switzerland is one of the largest investors in Zimbabwe, and companies such as Nestlé have invested heavily in the dairy value chain.
In 2017, the two countries signed an Agreement on International Cooperation in the Field of Humanitarian Aid and Technical and Financial Cooperation.
The agreement provides for the strengthening of cooperation between Switzerland and Zimbabwe in the implementation of humanitarian, technical and financial assistance projects that contribute to sustainable poverty reduction, democratic development, peace consolidation and respect for human rights and the rule of law.
In addition, a Bilateral Investment Promotion and Protection Agreement (Bippa) was signed between Switzerland and Zimbabwe to create a conducive business environment for Swiss firms.
Foreign and International Trade Minister Ambassador Frederic Chava said that the establishment of the Switzerland-Zimbabwe Chamber of Commerce enhances our efforts to build an image, international engagement and renewed engagement.
The government’s new ambition was to promote economic diplomacy to facilitate trade and attract foreign investors.
“This is clearly articulated in our National Trade Policy for Zimbabwe (2019-2023), which aims to move Zimbabwe towards a transformed and internationally competitive economy based on sustainable free and fair domestic and international trade,” said Ambassador Shava.
It seeks to reform and open up Zimbabwe to free and fair trade in accordance with the multilateral trading system.
Industry and Trade Minister Dr. Sekai Nzenza said that the Second Republic pays great attention to the involvement of the private sector in economic development.
Ambassador Jager said that a legal framework is needed to develop, encourage and facilitate trade between countries and their companies.