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Minister Elvira Nabiullina and D. Leuthard, Head of the Federal Department (Minister) of the Swiss economy signed a Russian-Swiss inter-ministerial action plan on economic cooperation for 2011-2013

26.08.10

On August 26, 2010, in Sochi, Elvira Nabiullina, the Minister of Economic Development of the Russian Federation met with Doris Leuthard, Head of the Federal Department (Minister) of the economy of the Swiss Confederation.

Ms. Leuthard is acting President of the Swiss Confederation for the period from January 1 to December 31, 2010.

Regular meetings by ministers of the economy of Russia and Switzerland will be provided, inter alia, by the Russian-Swiss Action Plan on Economic Cooperation between the Russian Economic Development Ministry and the Federal Department (Ministry) of Economy of Switzerland until the end of 2010. This agreement was signed by the ministers of the economic ministries of the two countries in July 2008.

During the meeting the sides discussed issues related to the state of economic and trade relations, including measures being taken by the two governments to overcome the crisis and create conditions for financial stability.

Following its results a new three-year action plan for economic cooperation between the Russian Economic Development Ministry and the Federal Department (Ministry) of the Swiss Economy for 2011-2013 was signed. This plan was first proposed by D. Medvedev, the President of the Russian Federation during his visit to Switzerland in September, 2009. During the above mentioned visit and the 11th session of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the Russian Federation and the Swiss Confederation (October 2009, Zurich) the successful implementation was noted of the Action Plan for the period until the end of 2010.

The new Action Plan for 2011-2013 provides, inter alia, further intensification of contacts at the ministerial level, improving the legal framework, strengthening cooperation in investment and innovation, small and medium enterprises, promotion of bilateral cooperation for modernization to achieve specific economic, innovation and scientific and technological projects, and pragmatic cooperation in such areas as energy efficiency and conservation, medical technology, telemedicine and pharmaceuticals, machinery and aerospace, information technology and nanotechnology.

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