Because of its financial potential and the undertakings actualized in the district, Azerbaijan is an appealing business sector for Switzerland. Close ties have been set up between the business circles of the two nations in numerous circles of economy.
A business assignment from Western Switzerland will visit Azerbaijan in October. Thirty organizations to take an interest in the visit have been resolved at a business gathering in Switzerland, composed by Azerbaijani Embassy in Switzerland and the Swiss Chamber of Commerce and Industry.
The occasion was gone to by 85 Swiss representatives speaking to vitality, horticulture, development, the travel industry, ICT, healthcare and sustenance industry.
In her introduction, Khanim Ibrahimova, Ambassador of Azerbaijan to Switzerland, indicated the business atmosphere and venture chances of Azerbaijan and urged Swiss businesspeople to put resources into different fields of economy.
She focused on the abnormal state of political relations among Azerbaijan and Switzerland just as the improvement of exchange and monetary participation between the two nations.
Ibrahimova helped that as part to remember the visit by a huge designation driven by the Minister of Economy of Switzerland to Azerbaijan a year ago, the opening of a plant worked with the Swiss interests in the city of Sumgayit occurred.
She further noticed that the development recorded in the visitor stream after the dispatch of non-stop flights between the urban communities of Baku and Geneva, just as the consenting to of a collaboration arrangement between the movement offices of the two nations.
Besides, Ibrahimova featured the provincial activities actualized by Azerbaijan and the current business prospects for Swiss organizations, just as talked about the work on the improvement of vehicle foundation in the nation, acknowledgment of the nation’s travel potential and advancement of vehicle halls.
Switzerland is perhaps the biggest financial specialist in the non-oil part of Azerbaijan’s economy. In the time of 1992-2018, Switzerland put about $851.9 million in Azerbaijan’s economy.
Azerbaijan intently coordinates with Switzerland in the budgetary circle, especially, with the SECO and SDC (Cooperation and Development Agency). As referenced in the Swiss Cooperation Strategy South Caucasus 2017–2020, Swiss help to Azerbaijan plans to make a favorable and hazard cognizant business condition that will prompt the improvement and broadening of the nation’s salary base.