MIL-OSI Translation: Another round table on the export economy in the context of the Ukraine war

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MIL OSI translation. Region: Germany/Germany –

Source: Switzerland – Federal Council in German

Federal Department of Economics, Education and Research

Bern, May 10, 2022 – On May 10, 2022, another exchange took place between Federal Councilor Guy Parmelin and the Swiss export industry. The focus was on the effects of the war in Ukraine on the Swiss export industry. The round table with the export industry has proven its worth. The current issue also offered the opportunity to discuss specific trade policy issues and the strategic orientation of the federal government’s export promotion.

The Swiss economy is currently in relatively good shape, but is facing major challenges. Federal Councilor Guy Parmelin stated that the recovery from the Corona crisis has continued until recently. At the same time, the participants confirmed that the war in Ukraine is causing various stresses and is again causing insecurity. Indirect effects in particular are noticeable due to the worsening of certain delivery bottlenecks and price increases. In addition, the various sectors underlined the importance of a secure energy supply.

Overall, the direct effects of the sanctions regime adopted by the EU are rather minor for the Swiss export economy. In 2021, Russia was only ranked 23rd among Switzerland’s most important goods trading partners, with a trade volume of CHF 4.7 billion. Federal Councilor Guy Parmelin thanked the business representatives for implementing and supporting the Federal Council’s sanctions policy.

The participants spoke about the current developments with the EU in the area of Mutual Recognition Agreement MRA and about the WTO discussions regarding the TRIPS agreement. In addition, SECO provided information on the strategic orientation of the federal government’s export promotion. This provides for a needs-oriented further development of the range of services offered by Switzerland Global Enterprise (S-GE) and focuses on bundling the individual offers, for example to support the Swiss export industry in accessing major international infrastructure projects.

The event on May 10 was attended by representatives of 23 business associations and chambers of commerce, the State Secretariat for Economic Affairs SECO, S-GE and the Swiss export risk insurance company SERV. The round table with the export industry has proven its worth because it enables an even closer dialogue, which is increasingly important in times of uncertainty. The next exchange will take place in autumn.

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Federal Department of Economics, Education and Researchhttp://www.wbf.admin.ch

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

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