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Saturday, October 20th, 2018

Bakytzhan Sagintayev and Johann Schneider-Ammann discuss prospects for investment cooperation between Kazakhstan and Switzerland

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At the meeting, issues of further deepening of trade and economic relations, including investment partnership and interregional cooperation, as well as the prospects of joint projects on the development of transport and logistics infrastructure were discussed.

Sagintayev noted the interest in closer and mutually beneficial cooperation in the areas of energy, transport, small and medium-sized business, as well as in setting up the exchange of new technologies and know-how. Today there are projects in engineering, construction, agrarian industry, mining and metallurgy complex with the participation of Swiss companies that are implemented successfully in Kazakhstan.

The Prime Minister also emphasized that Kazakhstan has created a favorable climate with significant tax and customs preferences for foreign investors. A visa-free regime for 30 days for citizens of Switzerland has been introduced. The measures taken will increase the number of Swiss enterprises that invest and bring technologies to the economy of Kazakhstan.

Along with that, Sagintayev invited Swiss financial institutions to take an active part in the work of the Astana International Financial Center, noting that Switzerland and Kazakhstan maintain successful cooperation within international financial structures and are the members of the same group in the International Monetary Fund and the World Bank.

Source: The Prime Minister of Kazakhstan

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