BAKU, Azerbaijan, November 1. Many international locations in
Eurasia will profit from the event of the Trans-Caspian
Worldwide Transport Route (TITR, or Center Hall),
Ambassador of Switzerland to Kazakhstan Salman Bal advised Development in an unique interview.
Commerce between Switzerland and Kazakhstan
The dynamics within the commerce relations between Switzerland and
Kazakhstan are good, and the pattern is optimistic.
In 2022, Switzerland’s exports to Kazakhstan reached 357 million
Swiss francs. The primary share of the exports have been prescription drugs
(65 %), adopted by watches and precision devices (19
%) and machines (6 %).
Within the first 8 months of 2023, we seen a rise of 6
% in Swiss exports to Kazakhstan.
Switzerland’s imports from Kazakhstan reached 344 million Swiss
francs in 2022 and consisted primarily of power sources (excluding
gold commerce).
Swiss help for Kazakhstan’s power sector, together with
inexperienced power
Switzerland attracts many worldwide commodities buying and selling
corporations, though it isn’t a serious participant within the oil and gasoline
enterprise. Nonetheless, quite a few Swiss firms concentrate on
particular areas, similar to laboratory tools for evaluation and
measurement tools for oil and gasoline operations.
Swiss improvements and know-how, specifically, may be utilized in
the petrochemical and chemical industries.
Switzerland absolutely helps Kazakhstan’s efforts to extend and
develop its renewable power capability.
The Republic of Kazakhstan Member of the Swiss constituency
group of the WB/IMF and at GEF, the International Surroundings Facility.
Inside these organizations, but in addition inside different multilateral
entities, inexperienced power cooperation is excessive on the agenda.
All in all, the inexperienced power sector is a area wherein the
Swiss authorities and Swiss firms are very lively.
Advantages of the Center Hall and Transport
Cooperation
Since turning into impartial, the Republic of Kazakhstan has made
monumental investments to reconstruct and develop its native rail and
street networks. Greater than 2,500 km of latest railway traces have been
constructed within the final 30 years, which is a formidable
achievement!
At a really early stage, Kazakhstan acknowledged its potential as a
transit nation, for instance, with endeavors such because the Western
China-Western Europe and Nurly Zhol initiatives.
Switzerland is much like Kazakhstan within the sense that each are
landlocked international locations and pure “transportation hubs” on their
continents.
The crossing route over the St. Gotthard linking Northern and
Southern Europe, for instance, was essential for Switzerland’s
improvement. And this query remains to be important as we speak: a few of
the longest tunnels on the planet have been inbuilt Switzerland to
enhance European transport routes and to attach Switzerland with
the world.
Most of our nation’s historical past revolves round the truth that it
connects Europe on each the north-south and west-east axes, a reality
that we take into account by constantly growing our street and rail
community.
In an identical method, it’s sure that many international locations in
Eurasia will profit from the event of the Center
Hall.
Attracting Swiss firms to the Kazakh
market
Switzerland’s companies function in a variety of industries.
We see important promise in a wide range of areas. It’s crucial to
describe the Kazakh market and its distinctive alternatives for the
Swiss non-public sector.
The vast majority of Swiss firms are small and medium-sized
enterprises; though being world leaders of their respective
sectors of operation, they continuously lack the means to evaluate the
prospects of distant new markets.
That is the place our Embassy is available in: our obligation is to help Swiss
firms in understanding the nuances of the Kazakh economic system.
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