Azerbaijan and Switzerland discuss expanding cooperation
Azerbaijan and Switzerland have talked about expanding cooperation, Azernews reports.
The discussion took place during a meeting between the Chairman of the Board of the Azerbaijan Agency for Small and Medium Enterprises Orkhan Mammadov and the representative of the Federal Council for trade agreements of the Swiss Confederation, the head of the Department of Bilateral Economic Relations of the State Secretariat for Economy Erwin Bollinger.
During the meeting, the parties exchanged views on expanding cooperation between economic entities within the framework of joint ventures and mechanisms.
Diplomatic relations between the two countries were established on January 21, 1992.
Azerbaijan and Switzerland cooperate in various economic sectors. In the non-oil sector, there is mutually beneficial cooperation between Baku and Bern. In addition, in 2022 Baku will host a meeting of the Commission for Trade and Economic Relations between Switzerland and Azerbaijan.
Trade turnover between the two nations was US$457.2 million in 2021, with exports accounting for US$272.5 million and imports accounting for US$184.7 million.
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Ayya Lmahamad is a journalist at AzerNews, follow her on Twitter: @AyyaLmahamad
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