Prospects of Bilateral Cooperation between Kazakhstan and Liechtenstein Discussed in Vaduz

Vaduz, 11 of May, 2021 - During the working visit to Liechtenstein the Ambassador of Kazakhstan Alibek Bakayev was received by Mr. Daniel Risch, Head of the Government of the Principality. During the meeting, the parties discussed the current agenda and prospects for bilateral cooperation.

The Ambassador also held a number of meetings with the official and business community of Liechtenstein.

In particular, the Ambassador discussed with Mr. Bischof, the Mayor of Vaduz, the possibilities of establishing partnership relations between the capitals of the both countries in the field of economy, finance, culture and tourism.

At the meeting with Brigitte Haas, the Director of the Liechtenstein Chamber of Commerce and Industry, the sides discussed the possibilities of expanding the treaty and legal basis for the institutional deepening of cooperation between the two countries.

It should be noted that the financial and business community of Liechtenstein - a recognized world-class financial center, are attracted by the prospects of cooperation with the Astana International Financial Center. A detailed discussion of this direction took place during the meeting of the Ambassador Mr. Bakayev with the top- management of the LGT Group.

Along with the financial and banking sector, Liechtenstein's economy is based on industry (up to 40% of GDP). During the visit, the Ambassador also held talks on the possibility of expanding cooperation with the management of companies such as Hilti, Balzers Optics, Ospelt Food, Hoval and Ivoclar Vivadent, which occupy leading positions in their industries in the global market.

The Liechtenstein business community was presented with the advantages of the investment climate and export potential of Kazakhstan and invited to participate in the implementation of investment projects in Kazakhstan.

One of the important points of the visit was the discussion of the exchange in the field of culture and art between Kazakhstan and Liechtenstein. The Ambassador
Mr. Bakayev discussed with the Director of the Liechtenstein National Museum Professor Rainer Vollkommer the possibilities on holding historical and art exhibitions dedicated to Kazakhstan in Vaduz.

The visit was held with the active participation and assistance of the Honorary Consul of the Republic of Kazakhstan in Liechtenstein Volker Schmid.