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Zimbabwe, Switzerland to sign memorandum of understanding
16 Jun 2014 at 21:46hrs | Views
Zimbabwe and Switzerland have endorsed plans to sign a memorandum of understanding aimed at strengthening bilateral investment and economic ties.
A delegation from the Republic of Switzerland held meetings with officials from the Ministry of Finance and Economic Development on Monday towards the possibility of concluding an agreement to increase economic ties.
Swiss Agency for Development and Cooperation Deputy Head for Regional Cooperation Willi Graf told the ZBC that both countries resolved to come up with a memorandum of understanding before the end of this year aimed at restoring normal economic ties.
"The plan is there and we hope it will be endorsed by the two parties," said Mr Graf.
The Minister of Finance and Economic Development, Patrick Chinamasa said Zimbabwe is ready to re-engage with Switzerland for both countries to realise fruits of good bilateral relations.
"It is a matter of time before we can see the positive fruits of such a pact," Chinamasa said.
The delegation from Switzerland has also expressed interest in concluding joint ventures with local firms.
Though Switzerland is not part of the European Union that imposed sanctions on Zimbabwe in 2002, her relations with Zimbabwe have also been affected by Harare's diplomatic dispute with London over land.
A delegation from the Republic of Switzerland held meetings with officials from the Ministry of Finance and Economic Development on Monday towards the possibility of concluding an agreement to increase economic ties.
Swiss Agency for Development and Cooperation Deputy Head for Regional Cooperation Willi Graf told the ZBC that both countries resolved to come up with a memorandum of understanding before the end of this year aimed at restoring normal economic ties.
"The plan is there and we hope it will be endorsed by the two parties," said Mr Graf.
The Minister of Finance and Economic Development, Patrick Chinamasa said Zimbabwe is ready to re-engage with Switzerland for both countries to realise fruits of good bilateral relations.
"It is a matter of time before we can see the positive fruits of such a pact," Chinamasa said.
The delegation from Switzerland has also expressed interest in concluding joint ventures with local firms.
Though Switzerland is not part of the European Union that imposed sanctions on Zimbabwe in 2002, her relations with Zimbabwe have also been affected by Harare's diplomatic dispute with London over land.
Source - zbc
