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  • Mamin holds talks with Swiss President Ueli Maurer

Mamin holds talks with Swiss President Ueli Maurer

22 November, 2019 12:27

Prime Minister of Kazakhstan Askar Mamin has had talks with the President, Head of the Swiss Federal Department of Finance, Ueli Maurer, who is on an official visit to Kazakhstan, Strategy2050.kz informs with reference to primeminister.kz.

“We have stable partnerships with Switzerland. The basis for such a relationship was laid by First President, National Leader Nursultan Nazarbayev. Head of State Kassym-Jomart Tokayev maintains the continuity of a multi-vector foreign policy and attaches particular importance to strengthening bilateral cooperation,” Askar Mamin said.

Switzerland is among the ten largest trading partners and the top three key investors of Kazakhstan, with the trade in 2018 amounting to $3.1B, for 9 months of this year - $1.9B, and the trade in services in the first half of this year growing by 40% compared to the same period of last year.

Since 2005, Switzerland has invested more than $24B in the economy of Kazakhstan, 324 companies with Swiss capital operate in Kazakhstan, including Glencore International AG, Philip Morris, Nestle, Ammann Asphalt GmbH and others. Swiss business is represented in agriculture, the transport and financial sectors, mining and manufacturing, wholesale and retail trade, etc.

The Intergovernmental Commission on Trade and Economic Cooperation and the Kazakh-Swiss Business Council serves as a contributor to strengthening economic partnership.

“Kazakhstan is an important partner of Switzerland in Central Asia. Our interaction is developing both in a bilateral format and within the framework of the World Bank and the International Monetary Fund. We are interested in enhancing economic cooperation and implementing joint investment projects,” Ueli Maurer said.

The Swiss side emphasized the presence in Kazakhstan of a favorable investment climate and conditions for business development, as evidenced by the position of Kazakhstan in the Doing Business ranking of the World Bank.

The sides also discussed the prospects of cooperation in trade, economic, investment, transit and transport, agricultural, information and communication, digital, tourism, pharmaceuticals, healthcare and education, green economy and water sector, as well as within the AIFC and WTO .

As part of an official visit of Federal President of Switzerland Ueli Maurer to Kazakhstan, negotiations are planned with First President Nursultan Nazarbayev and Head of State Kassym-Jomart Tokayev, as well as a round table with representatives of business circles of the two countries.

Photo credit: primeminister.kz