The Government of the Commonwealth of Australia has signed a memorandum of understanding (MoU) with the Swiss Government to bolster and enhance defence materiel and industry cooperation.

A Statement of Acknowledgement was jointly signed by Australian Defence Minister Christopher Pyne and Switzerland to Australia Ambassador Pedro Zwahlen.

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The MoU established a new agreement and support cooperation between the defence industries of Australia and Switzerland.

In addition, the agreement will help recognise the fundamental significance of a sovereign defence industry that would help develop and sustain defence capabilities in both countries.

According to Pyne, the current agreement will serve as a primary element of a defence materiel and industry relationship between the countries and would deliver long-term tangible benefits to their defence capabilities.

“The joint declaration reflects the mutual commitment of Australia and Switzerland to deepen our dedication to increased bilateral defence materiel and industry cooperation.”

Pyne said: “The MoU will allow us to identify opportunities for collaboration, support defence equipment transfers and sharing of information.

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“The joint declaration reflects the mutual commitment of Australia and Switzerland to deepen our friendship, as well as our dedication to increased bilateral defence materiel and industry cooperation to the benefit of both countries.

“Australia and Switzerland already share a long and productive history, and I look forward to strengthening our relationship in relation to defence materiel cooperation, sustainment and capability development.”

In October 2010, Australia and Vietnam signed a MoU on defence cooperation to strengthen the bilateral relationship between the nations.