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Tuesday, September 25th, 2018

Bakytzhan Sagintayev meets with Ambassador of Switzerland to Kazakhstan Urs Schmid

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At the meeting, issues of further strengthening of trade and economic cooperation with Switzerland in the fields of energy, pharmaceuticals, education, transport and finance, as well as the implementation of a number of investment projects were discussed.

The Prime Minister also noted the significant transit-logistic potential of Switzerland. In terms of commodity turnover with Kazakhstan, Switzerland ranks 4th among European countries (after Italy, the Netherlands and France).

For reference: Diplomatic relations between Switzerland and Kazakhstan were established June 1, 1992.

In January-March 2018, trade turnover amounted to $562,987 thousand (exports �$531,266 thousand, imports � $31,721 thousand). In 2017, trade amounted to $3.2 billion (exports � $3.1 billion, imports $138 million), which is 21% more than in 2016.

The total inflow of direct investment from Switzerland to Kazakhstan during the period 2005-2017 amounted to $20,597.3 million.

The volume of direct investments from Kazakhstan to Switzerland for 2005-2017 amounted to $823 million.

Switzerland is one of six countries (after Russia, China, Italy, the Netherlands and France) which purchased about 63% of the total exports from Kazakhstan over the past 10 years.

Source: The Prime Minister of Kazakhstan

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