Zambia and Switzerland meet to explore investment opportunities

The Federal Councillor and Head of the Department of Foreign Affairs of Switzerland, Ignazio Cassis. Photo: Switzerland Media.

JOHANNESBURG, SOUTH AFRICA (ADV) – The Zambian government has met with the Federal Councillor and Head of the Department of Foreign Affairs of Switzerland Ignazio Cassis, to explore investment opportunities.

The meeting was aimed at discussing the bilateral relations and economic cooperation that exists between the two countries.

Switzerland and Zambia are enjoying good relations that have worked for the benefit of the people of the two countries.

Cassis told the media that both countries have enjoyed great relations since the establishment of a Swiss Consulate in Zambia in 1969 after it attained its independence in 1966.

“We have cooperated in a number of areas,” said Cassis.

The two countries have also signed various agreements that include the reciprocal protection of investment and the convention for the avoidance of double taxation with respect to taxes and income and prevention of tax evasion.

Cassis commended the economic relations between the two countries, saying it has increased with Zambia’s exports to Switzerland amounting to more than what it exports to China, South Africa and United States of America combined.

He said Switzerland has become the largest trading partner of Zambia with about 44.3% shares in Zambia’s export.

© Bur-JHB – M.C / N.N – African Daily Voice (ADV) – Follow us on Twitter : @ADVinfo_en