(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 2. Switzerland's private sector holds immense potential to make
substantial contributions to Kazakhstan's transport and logistics
industry, a source at Switzerland's State Secretariat for Economic
Affairs (SECO) told trend .
According to the source, as Swiss companies consider
Kazakhstan to be the main transport and logistics hub in the
Central Asian region, Switzerland's private sector is able to
contribute to Kazakhstan's transport and logistics sectors.
Another prospering field between the two countries is
trade and investments. According to the SECO, the trade turnover
between Kazakhstan and Switzerland in the first quarter of this
year amounted to $811.9 million. In 2022, this figure totaled $4.1
In a significant development, Kazakh Invest and the
Joint Chamber of Commerce of Switzerland (JCC) signed a Memorandum
of Understanding (MoU) on April 27. This landmark agreement took
place during a business roundtable organized by JCC and the Embassy
of Kazakhstan in Switzerland, focusing on the promising Foreign
Direct Investment (FDI) opportunities in Kazakhstan.
As the source noted, the event titled "FDI
Opportunities in Kazakhstan in the Spotlight at JCC Business
Roundtable," aimed to foster closer ties between the two countries
and encourage collaboration in various sectors.
"More than 40 Swiss companies are currently present in
Kazakhstan, mostly in the form of a representation or local limited
liability company," said SECO.
JCC, a prominent private sector organization in
Switzerland, plays a crucial role in promoting business
interactions between Switzerland and Eastern Europe (non-EU),
Central Asia, and the South Caucasus.
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