Chambers of Commerce and Industry of Turkmenistan and Switzerland discussed bilateral cooperation

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In honor of the 30th anniversary of Independence of Turkmenistan, a business forum was held between the Chamber of Commerce and Industry of Turkmenistan and the Joint Chamber of Commerce of the Swiss Confederation-CIS / Georgia.

The online event, organized at the initiative of the Embassy of Turkmenistan in the Swiss Confederation, is aimed at developing new solutions and approaches in the development of bilateral cooperation.

The Turkmen side was represented by the Chairman of the Chamber of Commerce and Industry, Ambassador Extraordinary and Plenipotentiary of Turkmenistan to the Swiss Confederation, as well as by employees of a number of ministries and departments of the country. Switzerland was represented by the Vice-Chairman of the Joint Chamber of Commerce of the Swiss Confederation-CIS/Georgia, Head of the Europe and Central Asia Department, Bilateral Economic Relations of the State Secretariat for Economic Affairs, as well as representatives of about 40 Swiss companies specializing in the oil and gas sector, energy, construction, architecture, mechanical engineering, railway construction and communications.

During the forum, issues of developing multifaceted trade and economic cooperation between Turkmenistan and Switzerland, increasing exports of products manufactured in Turkmenistan were discussed, an overview of the country's economic and investment policy was given with the participation of Swiss companies doing business in Turkmenistan.

The meeting gave the participants an opportunity to consider and analyze the economic and business activity of the two countries, exchange views on priority areas and opportunities for building trade potential.

As a politically and geographically “small state”, Switzerland has a globally significant economy. Speaking about the Swiss economy, it is customary to first of all point to large global concerns and firms - Nestlé, ABB, UBS, Credit Suisse, Roche. However, 99% of the basis of the Swiss economy, its backbone, are medium, small and smallest enterprises, which themselves are increasingly entering the international market.

The Swiss economy initially developed in conditions of a lack of natural resources. However, it was this negative circumstance that became the factor that very early turned Switzerland into one of the most industrialized countries in the world.