Belarusian-Swiss Business Council

Date: 26 November 2019

Minsk hosted the session of the Belarusian-Swiss Business Council organized by the Belarusian Chamber of Commerce and Industry and Stadler Rail AG.

Participating in the session were the First Deputy Prime Minister of the Republic of Belarus, Aleksandr Turchin, the Minister of Economy, Dmitri Krutoi, Board Chairman of Stadler Rail AG, Co-Chairman of the Business Council, Peter Spuhler, the Chairman of the BelCCI, Co-Chairman of the Business Council, Vladimir Ulakhovich, the Ambassador Extraordinary and Plenipotentiary of the Swiss Confederation to the Republic of Belarus, Claude Altermatt, more than 120 businessmen of both countries.

Aleksandr Turchin noted that there is serious potential in Belarus-Switzerland cooperation. Belarus is interested in advancing cooperation across the board, welcomes the rising interest of the Swiss private sector.

The First Deputy Prime Minister said that the work of the council gives tangible results. The council offers a venue for detailed discussions and the formulation of concrete proposals. Contacts between representatives of the private sector are on the rise. The choice of exports is expanding. Investments in the economy keep flowing steadily. The volumes of mutual trade and trade in services are growing.

The BelCCI Chairman focused on the specific results of the Belarusian-Swiss Business Council activities: Belarus-Switzerland trade has increased by nearly 40 per cent this year; Belarusian export is on the rise. Vladimir Ulakhovich identified the promising fields for advancing bilateral cooperation and joint projects, such as logistics, IT, pharmaceutics, banking, woodworking.

In his words, Switzerland is interesting for Belarus as a country that vigorously develops its IT sector. Switzerland is the world's first in terms of the number of patents per capita in the area of artificial intelligence. In terms of the volume of export of mechanical engineering products per capita, it is the world's second. Switzerland is also one of the world leaders in the production of medications. "Belarus has its advantages in these spheres," Vladimir Ulakhovich added. "The session of the council is very important per se. It represents a certain serious step that will increase trade turnover and reveal new projects."

Promising avenues of Belarus-Switzerland trade and economic cooperation were discussed as well as topical aspects of doing business. Representatives of the private sector from Belarus and Switzerland held negotiations to discuss the implementation of joint projects in various spheres.

Before the Council session started, the Swiss delegation had visited Stadler Minsk CJSC, participated in the ceremony of the China-Belarus Industrial Park "Great Stone" resident status attainment by Hess Great Stone LLC, a subsidiary company of Carrosserie HESS AG implementing the project for the electric passenger transport manufacture. Besides, the Business Council participants visited the Belarus Hi-Tech Park and got acquainted with the latest developments of the resident companies.

Based on BelTA materials