With a view on the trading of goods are not the interests of a free trade agreement between the United States and Switzerland, the same. According to data from the year 2018, the U.S. share of the exports of goods from Switzerland was around 13 percent. Conversely, Switzerland has a share of only 1.3 percent to the exports of the Americans.
The Swiss exports to the USA have doubled in the current decade almost. And the US also in relation to other markets, Switzerland significantly. In 2010, their share in the total exports of Switzerland was only at 10 percent. Now the U.S. is after Germany the most important Export and import partners of Switzerland.
Switzerland is on the observation list
There were exports to Switzerland exceed the imports, from the USA to Switzerland in the year 2018, a high foreign trade deficit of more than 19 billion Swiss francs – and this deficit has increased in addition, since 2016 is still more than a third. U.S. President Donald Trump has repeatedly made it clear that he sees the shortcomings of his country to other as a loss and expression of unfair trade practices.
The US deficit, compared to Switzerland, from a Swiss point of view, a trade surplus, and the Surpluses of the Switzerland in its foreign trade in General, Americans see as an indication of an unfair practice: Among others, Switzerland, together with China, Germany and other countries on a watch list because of possible unfair practices.
number 1 in the case of direct investment
unlike in trade in goods, the picture is in the services, which fall, however, the value of less weight. Here the Americans, as compared with Switzerland, a Surplus. According to the US information was in the year 2017 to 10 billion dollars. This U.S. Surplus increased in that year by about 16 percent compared to 2016.
more significantly, the importance of the economic relations, if the level of the companies involved. In 2017, the direct investment of Swiss companies in the USA amounted to 253 billion Swiss francs. A fifth of all Swiss direct investments are flowing into the USA so much, as in no other country. And only six countries are investing more there. Even in Germany, France, Italy, and Austria taken together, the Swiss companies invest only half as much as in the United States. According to U.S. data deal with a Swiss company in the USA 463’000 people. Alone the food group Nestlé is to have in the USA, around 50’000 Employees in Switzerland 10’000.
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That Switzerland had not succeeded, with the Americans a free trade agreement, was less to do with the Surpluses in foreign trade by the Switzerland as the fact that the Americans were interested in a far-reaching Opening for agricultural products. This requirement has led in 2006 to the termination of negotiations in Switzerland.
agriculture is also likely to be in future negotiations Central. U.S. President Donald Trump could afford to be politically hard, his Farmer in front of the outside to, after you need to cope with the trade war with China high losses. As the U.S. agriculture at heart, has stressed the US President recently very often.
Given the close and the flows of goods in addition to the economic relations to the United States, Switzerland is also interested greatly in a double taxation agreement. So far the agreement’s ratification by the US was prevented-Presenter Rand Paul. Recently, it was said, he had given up his resistance and the Americans wanted to make forward.
(editing Tamedia)
Created: 16.05.2019, 21:51 PM
