Today in Ukimet Uyi, Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev met with the Federal Adviser and Head of the Federal Department of Economic Affairs, Education and Research of Switzerland Johann Schneider-Ammann.

The meeting covered issues of further deepening of trade and economic relations, including investment partnership and interregional interaction, as well as prospects for joint projects for the development of transport and logistics infrastructure.

B. Sagintayev noted interest in closer and mutually beneficial cooperation in energy, transport, small and medium business, as well as establishing transfer of new technologies and know-how. Today, with the participation of Swiss companies, Kazakhstan is successfully implementing projects in the fields of engineering, construction, agro-industrial and mining-metallurgical complexes.

The Prime Minister also stressed that the Republic of Kazakhstan has created a favorable investment climate for foreign investors with substantial tax and customs preferences. Since the beginning of 2017, a visa-free regime for 30 days has been introduced for Swiss citizens. The measures taken will allow increasing the number of Swiss enterprises investing and transferring technologies into the economy of Kazakhstan in the coming years.

In 2017, trade turnover between the countries amounted to $ 3.2 billion (exports - $ 3.1 billion), which is 21% more than in 2016. In January-May 2018, trade turnover was $ 1.14 billion (an increase of 95% ), exports - $ 1.09 billion. In 2005-2017, the gross inflow of direct investments from Switzerland to Kazakhstan amounted to $ 20.6 billion. As of May 1, 436 legal entities, branches and representative offices with Swiss participation were registered in the Republic of Kazakhstan.

Along with this, B. Sagintayev invited Swiss financial institutions to take an active part in the work of the Astana International Financial Center, noting that Switzerland and Kazakhstan successfully cooperate within the framework of international financial structures and are part of the same group under the International Monetary Fund and the World Bank.

www.primeminister.kz

Published: 11 July 2018

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