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Bakytzhan Sagintayev meets with Swiss Ambassador to Kazakhstan Urs Schmid


Today in Ukimet Uyi, Prime Minister of Kazakhstan Bakytzhan Sagintayev met with Swiss Ambassador Extraordinary and Plenipotentiary to Kazakhstan Urs Schmid.

The meeting covered 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.

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 on 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 investments from Switzerland to Kazakhstan in the period 2005-2017 amounted to $ 20,597.3 million.

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

Switzerland is one of six countries (after the Russian Federation, China, Italy, the Netherlands and France) which account for about 63% of the total volume of Kazakhstan’s exports over the past 10 years.

Source: Government of the Republic of Kazakhstan