The Azerbaijan’s industrial home is going to be the home to Switzerland’s JVs

Azerbaijan’s industrial home

Azerbaijan and Switzerland appreciate abnormal state of financial relations, yet at the same time have the potential for further development of the extent of monetary ties.

The two nations ponder the plausibility of making joint endeavors for exercises in modern stops in Azerbaijan.

This was talked about during a gathering between Shahin Mustafayev, Azerbaijani Economy Minister and co-director of the Azerbaijani-Swiss Joint Commission on Trade and Economic Cooperation, and Muriel Peneveyre, Swiss Ambassador to Azerbaijan.

Mustafayev focused on that Azerbaijan is Switzerland’s primary exchanging accomplice the South Caucasus, including that exchange between the nations added up to $1.3 billion in January-July 2019.

He said that presently, around 60 organizations with Swiss capital work in Azerbaijan.

Mustafayev likewise noticed that the nations marked around 25 records, including concurrences on exchange and monetary collaboration, shirking of twofold tax collection.

He gave data about the changes did in the private segment in Azerbaijan, transport and travel openings, the capability of monetary collaboration in different segments of the economy.

Mustafayev likewise indicated the significance of the occasions, business discussions, and export missions in the improvement of Azerbaijani-Swiss financial relations.

Peneveyre, thusly, stressed Switzerland’s enthusiasm for growing ties with Azerbaijan.

The gatherings traded sees on the making of joint endeavors with support of Swiss organizations in modern stops in Azerbaijan, just as on participation in vitality, industry, agribusiness, training, healthcare, the travel industry and so forth.

Switzerland is probably the biggest financial specialist in the non-oil segment of Azerbaijan’s economy. In the time of 1992-2018, Switzerland put about $851.9 million in Azerbaijan’s economy.

Azerbaijan intently participates with Switzerland in the budgetary circle, especially, with the SECO and SDC (Cooperation and Development Agency). In this manner, 38 ventures with SECO and 16 activities with SDC are being actualized.