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Bouchouareb invites Swiss companies to be more involved in industrial development strategy

 

ALGIERS- Minister of Industry and Mining Abdesselam Bouchouareb called Monday, in Berne (Switzerland), Swiss companies to be more involved in the national industrial development strategy through the strengthening of their investment in Algeria.

In an Algerian-Swiss economic meeting held in Bern (Switzerland), the minister reiterated his wish to see companies “resolutely commit to invest.”

“The challenge we face now is to transform the presence of Swiss companies in Algeria into direct investment,” said Bouchouareb adding that the framework of cooperation exists as a whole.

He cited the bilateral agreement on the protection of investment and that of double non-taxation by affirming that they are two agreements that contribute to ensure the legal security in the framework of economic and trade relations between the two countries.

In addition, the minister underlined the need to build “strong partnerships to give meaning to the cooperation between Algeria and Switzerland.

For him, the strength of Algerian-Swiss partnerships must rely on “successful, competitive companies, on a productive, modern system that captures the most added value driven by innovation, to be in tune with global industry and oriented towards the future.”

-Bouchouareb received by the president of the Swiss Confederation-

Furthermore, during his stay in the Swiss capital, the minister was received by the president of the Swiss Confederation Johann N.Schneider-Ammann.

“The meeting between the two parties focused on bilateral and multilateral economic relations and the ways to develop the partnership potential between the two countries,” said the ministry in a communiqué.

Bouchouareb also met with the Swiss State Secretary for Economic Affairs Marie-Gabrielle Ineichen-Fleisch to examine the trade, industrial and investment opportunities between Switzerland and Algeria.

The State Secretary for Economic Affairs offered a business lunch in the presence of officials of the Swiss Business Federation “Économiesuisse,” which includes more than 100.00 Swiss companies, officials of the Swiss Agency for the promotion of exports ''Switzerland Global Enterprise'' and heads of Swiss companies.

He also discussed with the State Secretary for Education, Research and Innovation Mauro Dell'Ambrogio on professional training for companies and the ways to develop the training-company relationship.

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