Switzerland (Swiss Confederation) — small, landlocked country in the Central Europe
It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east.
Official languages: german, french, italian, romansh
Capital — Bern
Form of government — parliamentary republic
Currency — swiss franc (CHF)
Population — 7,9 million (95th in 2013)
GDP — $650,782 billion (20th in 2013, according to The World Bank)
Market access
Tariff barriers: switzerland custom tariffs
Non-tariff barriers: not declared (with regards to products from Russian as of 1st of July 2014)
Trade relations with Russia
Source: the Federal Customs Service of Russia
Import structure from Switzerland to Russia
(according to the Federal Customs Service of Russia; thousand of USD)
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Export structure from Russia to Switzerland
(according to the Federal Customs Service of Russia; thousand of USD)
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Major foreign trade partners of Switzerland in 2013
(according to International Trade Center; thousand of USD)
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Source: the Central Bank of the Russian Federation
Investment partnership
According to Russian statistics as of the end of 2013 the cumulative Swiss investment in Russian economy reached $5,05 billion, which includes $2,68 billion of direct investment. Russian cumulative investment volume in Switzerland came to $8,27 billion with $2,93 billion of direct investment. During 2013 Russia received $24,6 billion of investment from Switzerland, which includes $813,5 million of FDI. Switzerland received $48,49 billion of Russian investment with $19,6 million of FDI.
Investment dynamics from Switzerland to Russia
(according to the Ministry of Economic Development of the Russian Federation; thousand of USD)
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Investment dynamics from Russia to Switzerland
(according to the Ministry of Economic Development of the Russian Federation; thousand of USD)
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Structure of investment received as at the end of 2013
(according to the Ministry of Economic Development of the Russian Federation; thousand of USD)
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Structure of cumulative investment as at the end of 2013
(according to the Ministry of Economic Development of the Russian Federation; thousand of USD)
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Integration
On the 3rd of November 2013 the official ceremony commemorating the commencement of a free trade area negotiation between the European Free Trade Association (EFTA) with its member — states (Switzerland, Liechtenstein, Iceland, Norway) and The Customs Union member-states (Russia, Belarus, Kazakhstan) took place in Geneva (the Swiss Confederation). The European Free Trade Association (EFTA) — a free trade area and economic union of Iceland, Norway, Switzerland, and Liechtenstein.
Since 2011 talks between the Customs Union member-states’ joint negotiating team and the EFTA representatives have been taking place. There have been 11 rounds of talks. The latest took place in February 2014 in Moscow.