Swiss finance department’s head due in Baku (UPDATE)

Business Materials 11 July 2016 11:30 (UTC +04:00)

Details added (first version posted at 10:36)

Baku, Azerbaijan, July 11

By Azad Hasanli – Trend:

Ueli Maurer, Swiss federal councilor and head of Federal Department of Finance, will visit Baku July 15-16, Swiss embassy in Azerbaijan said July 11.

The embassy added that Maurer will have several meetings with the Azerbaijani government to discuss the bilateral and multilateral cooperation issues, including the collaboration within the Bretton Woods Institutions constituency.

Switzerland and Azerbaijan are in the same constituency group of Bretton Woods Institutions (World Bank, IMF).

According to the Azerbaijani State Customs Committee, the Azerbaijan-Switzerland trade turnover was $84 million in January-May 2016, $53.3 million of which accounted for the exports to Switzerland.

The Azerbaijan-Switzerland trade turnover increased by 12.75 percent compared to January-May 2015.