By Ayya Lmahamad
Azerbaijan's Small and Medium Business Development Agency
(SMBDA), Switzerland-Eastern Europe, Central Asia, South Caucasus
Joint Chamber of Commerce (JCC), and Swiss Alternative Financing
have signed a memorandum of understanding and cooperation, Azernews
The memorandum was signed during a roundtable on the topic
“Azerbaijan 2022: a source of energy and a logistics center for
Europe and Asia” which was held in Geneva.
The event was organized with the help of the Geneva Chamber of
Commerce, Industry and Services (CCIG), Switzerland- Eastern
Europe, Central Asia, South Caucasus Joint Chamber of Commerce
(JCC), Small and Medium Business Development Agency, and SOCAR
Azerbaijani Ambassador Fuad Iskandarov, SMBDA's Board Chairman
Orkhan Mammadov, Geneva Chamber of Commerce, Industry and Services
(CCIG) Director Nathalie Hardyn, Switzerland-Eastern Europe,
Central Asia, South Caucasus Joint Chamber of Commerce's Managing
Director Dorit Sallis, head of State Secretariat for Economic
Affairs(SECO) Departments on the South Caucasus and other countries
Seraina Sigron, SOCAR Trading representative Taghi Taghizada spoke
at the roundtable.
Azerbaijan's Export and Investment Promotion Agency and M&M
Swiss watch company held presentations on the support of
Azerbaijan's SMBDA, investment potential, logistics, and energy
opportunities of Azerbaijan.
Moreover, as part of the visit to Geneva, Orkhan Mammadov also
held a meeting with Switzerland-Eastern Europe, Central Asia, South
Caucasus Joint Chamber of Commerce's Managing Director Dorit
Sallis. They exchanged views on possible joint initiatives of SMBDA
and JCC to expand relations between businessmen of both
Diplomatic relations between the two countries were established
on January 21, 1992.
Azerbaijan and Switzerland cooperate in various economic
sectors. There is mutually beneficial cooperation between Baku and
Bern in the non-oil sector. In addition, Baku will host a meeting
of the Commission on Trade and Economic relations between
Switzerland and Azerbaijan in 2022.
The trade turnover between the two nations amounted to $457.2m
in 2021, with exports accounting for $272.5m and imports for
Ayya Lmahamad is AzerNews' staff journalist, follow her on
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