Belarus has a high potential in mechanical engineering, Stadler Rail Group CEO Peter Spuhler told reporters in the run-up to a session of the Belarusian-Swiss Business Council on 16 June, BelTA has learned.
“Belarus has a very good potential for the further development of mechanical engineering. The country has a pool of good engineering and working personnel. There are prospects for the further development and cooperation in mechanical engineering, including in electric engineering,” Peter Spuhler noted.
Peter Spuhler suggested reducing the number of administrative procedures related to the export-import operations in order to boost the relations between Belarus and Switzerland, and European countries. He said it is necessary to remove the non-tariff barriers for those companies who import raw materials and components into Belarus where they are assembled and then exported as a finished product. “Administrative expenses are still high. If the state decides to work on this, then the flow of exports from Belarus to Western Europe will increase,” Peter Spuhler noted.
He said that there are similar restrictions on the part of Europe too. “To intensify the trade flows, we need to work to make things easier for business, and move towards establishing a free trade zone between Belarus and the European Union, Belarus and Switzerland,” Stadler Rail Group CEO stressed.
Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich noted that the Swiss business shows great interest in Belarus. The Belarusian-Swiss Council boasts successful performance. "This is an excellent example for our foreign partners. It shows that Belarus can implement bold, innovative and modern projects. On the other hand, it is a signal for our enterprises that demonstrates our ability to develop such technologies using our industrial base," he noted.
Belarus is home to 119 enterprises with Swiss capital, Vladimir Ulakhovich said. Sixty-one of them have Swiss capital only. Joint ventures have been set up in almost every sector of the economy. “We maintain extensive cooperation. It is important to turn it into concrete projects. We hope to see projects aimed at increasing the localization of the electrical engineering production that we have. We expect ABB will take further steps to meet us halfway. We also hope for further participation of Swiss companies in the modernization of the Belarusian food production and agrarian sector,” said Vladimir Ulakhovich.
Minsk is hosting a meeting of the Belarusian-Swiss Business Council co-chaired by Peter Spuhler. The event was organized by the Belarusian Chamber of Commerce and Industry and the Stadler Rail Group. The Council was established in 2013. The parties are expected to consider the promising areas of bilateral trade and economic cooperation, existing barriers, instruments for regulating foreign trade operations in the export of Belarusian products, certification in the EAEU, and customs clearance matters.