Federal Councillor Johann Schneider-Amman officially visits Azerbaijan in July

Local news, 06.08.2018

 Swiss Federal Councillor, Head of the Federal Department of Economic Affairs, Education and Research, Johann N. Schneider-Ammann visited Baku together with a large delegation consisting of representatives from parliament, cantonal governments and the private sector. The aim of the sizeable 35-strong Swiss delegation was to identify business opportunities for Swiss firms under China’s Belt and Road Initiative and to foster friendly relations with Azerbaijan as a member country of Switzerland’s constituency in the Bretton Woods Institutions (World Bank, IMF).

Federal Councillor Schneider-Ammann meets with President Aliyev
Federal Councillor Schneider-Ammann meets with President Aliyev © Azertag News Agency

During his stay from 8 to 9 July, Federal Councillor Schneider-Ammann held separate meetings with President Ilham Aliyev, Minister of Economy Shahin Mustafayev and Minister of Finance Samir Sharifov. The sides discussed ongoing economic developments in both countries and in particular Azerbaijan's role and impressive efforts to become a regional logistic and transport hub. In this regard, the two sides exchanged views over the prospects of cooperation in trade and investment in a number of various economic fields and sectors, including healthcare and education.

Following the meeting with Minister Shahin Mustafayev, both Ministers of Economy attended a bilateral Business Forum. This event was organzied by AZPROMO in the presence of a large number of business people. Presentations were held by Azerbaijan’s Investment and Promotion and by "economiesuisse", the largest umbrella organization representing the Swiss economy in support of more than 30’000 businesses of all sizes. The following B2B meetings sucessfully finished the morning program before Federal Councillor Schneider-Ammann and the economic mission headed to Sumgayit to pre-inaugurate the new SIKA factory (see separate article).