Overview: This page contains the latest international trade data for Switzerland.In 2018 Switzerland was the number 20 economy in the world in terms of GDP (current US$), the number 18 in total exports, the number 17 in total imports, and the number 2 most complex economy according to the Economic Complexity Index (ECI). Fifteen Asian economies have agreed to a preferential trade deal—the RCEP—which will raise relative trade barriers to the rest of the world (by cutting trade taxes amongst themselves). As a consequence of the rejection of the EEAmembership in 1992, Switzerland and the EU agreed on a package of seven sectoral agreements signed in 1999 (known in Switzerland as "Bilaterals I"). Switzerland is a member of European Free Trade Association (EFTA), alongside Liechtenstein, Iceland and Norway. A continuing obstacle for certain U.S. exporters, particularly those of high value products, is the food retailing system. A total of 363 policy changes have been implemented, 143 of which almost certainly harm Swiss exporters and 91 will benefit Swiss firms. In this case, double certification remains mandatory to verify that the product satisfies the rules of Switzerland and the EU. Naughtaveel Farm named 2020 NH Green Pastures Dairy Farm. See the TPR gateway for explanations and background. These include: free movement of persons, technical trade barriers, public procurement, agriculture and air and land transport. It seeks to prevent Swiss companies from having to manufacture different products for the Swiss and European markets. Merchandise Trade statistics data for Switzerland (CHE) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Trade Policy Reviews of Switzerland . Corresponding U.S. imports from Switzerland were $24.4 billion, up 27.6 percent. The first six digits of the eight digit Swiss tariff headings correspond to the HS. However, the Cassis de Dijon principle does not, on its own, remove all technical barriers to trade between Switzerland the EU. U.S. companies have been able to submit self-certifications since April 12, 2017. Bilateral trade between the UK and Switzerland is worth over £31.9 billion a year. Two retail giants, Migros and Coop, account for nearly 70% of grocery sales and dominate the Swiss food retail market. The existence of non-tariff barriers imposed by countries can restrict Swiss SMEs' access to the European Union (EU) market. The EU is the most important export market for Switzerland, Relations with European countries at the FDFA website, Bundesgesetz über die technischen Handelshemmnisse (THG) (only in German) (PDF, 153 kB, 14.11.2019), Abkommen vom 21. Benefits for UK businesses exporting to Switzerl… Switzerland also has a strict regulatory regime for agricultural biotechnology products. Protectionism and trade barriers putting a drag on business. The main non-tariff barrier between Switzerland and the EU is the obligation to carry out a second conformity assessment for Swiss products intended for the European market. According to the CEO, the company is also facing increasing challenges to international trade as its exports grow. Imports of nearly all agricultural products, particularly those that compete with Swiss products, are subject to seasonal import duties, quotas, and import licensing. Switzerland is currently the 16th largest export market for U.S. goods. Sign up to our SME newsletter to stay informed. Switzerland Agriculture Trade Barriers News Monitoring. Goods exports totaled $17.9 billion; goods imports totaled $44.6 billion. Another barrier for U.S. brands represented by these major retail chains is their policy not to sell foods produced with agricultural biotechnology. Since December 2000 Switzerland and Liechtenstein have held joint Trade Policy Reviews. Switzerland generally meets its commitments under WTO and bilateral agreements, making it a desirable trade destination for U.S. products and services. No content has been posted to this folder yet. Switzerland’s demands for trade to be liberalised are hypocritical and made for selfish reasons. Two options exist: For most products, the manufacturer itself may set up a conformity assessment and declare this in writing. International Trade News Today. The agreement is also constantly evolving and it is likely to include some new groups of products in the future. Conversely, Switzerland is the third most important market for EU products. An overview of the Swiss technical regulations and measures to facilitate imports based on international agreements or the «Cassis de Dijon principle» can be found on SECO's Import Platform . From 1 January 2021, international systems can be used for agricultural goods when importing from, or exporting to Switzerland. Many measures other than customs duty can limit imports – these are called non-tariff barriers. Foreign Safeguard Activity Involving U.S. Exports, Switzerland - Using an Agent to Sell US Products and Services, Switzerland - Distribution & Sales Channels, Switzerland - Trade Promotion & Advertising, Switzerland - Sales Service/Customer Support, Switzerland - Protecting Intellectual Property, Switzerland - Local Professional Services, Switzerland - Principal Business Associations, Switzerland - Customs Regulations Web Resources, Switzerland - Import Requirements & Documentation, Switzerland - Labeling/Marking Requirements, Switzerland - Prohibited & Restricted Imports, Switzerland - Licensing Requirements for Professional Services, Switzerland - Investment Climate Statement, Switzerland - US Banks & Local Correspondent Banks. imposed by a country to discourage or restrict imports of certain goods into its territory. U.S. goods exports in 2011 were $24.5 billion, up 18.2 percent from the previous year. It seeks to prevent Swiss companies from having to manufacture different products for the Swiss and European markets. U.S. exporters are disadvantaged because the two food chains emphasize their own store brand products and favor products from their own processing plants over international brands. Switzerland also aims to further reduce technical barriers to trade through its bilateral free trade agreements. Juni 1999 zwischen der Schweiz und der Europäischen Gemeinschaft über den Handel mit landwirtschaftlichen Erzeugnissen (only in German), EasyGov.swiss – the online desk for companies. Solutions exist to limit this impact, however. A non-tariff barrier is a measure other than a customs duty (technical, packaging or labeling standards, contingents, etc.) The U.S. goods trade deficit with Switzerland was $26.7 billion in 2019. Technical barriers to trade TBT Agreement between the European Community and the Swiss Confederation on mutual recognition in relation to conformity assessment - Official Journal L 114, 30/04/2002 P. 0369 - 0429 The cornerstone of EU-Swiss relations is the Free Trade Agreement of 1972. Switzerland's favorite destinations tend to have the most trade barriers. Switzerland formed a customs union with Liechtenstein in 1924. Switzerland pursues an active free trade policy and offers Swiss companies access to larger sales markets and greater legal certainty through free trade agreements. Switzerland has signed bilateral agreements with the EU that guarantee many of the same economic advantages and lowered barriers to trade that EU members enjoy.The USA and Switzerland have formed a “Trade and Investment Cooperation Forum” to promote mutual trade. This agreement provides for the mutual recognition of conformity assessments in Switzerland and the EU for the majority of industrial products. The Swiss State Secretariat for Economic Affairs (SECO) provides companies with a list of contacts for any questions about the Agreement on Technical Barriers to Trade or about certain groups of products in particular. Reduction in costs and shortening of deadlines when marketing new products in the EU, Facilitated import of goods originating from the EU. Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country. Conformity tests determine whether a product meets current standards and is therefore suitable for introduction on the market. Thanks to this, products legally brought onto the European market can freely circulate in Switzerland without any additional prior control, with some exceptions. The Swiss-U.S. Privacy Shield aligns with the EU-U.S.  Privacy Shield and replaces the previous U.S.-Swiss Safe Harbor Framework. In addition, labeling is required for products containing biotech ingredients or derived from such ingredients. Although Switzerland generally maintains high standards of intellectual property rights (IPR) protection and enforcement and makes important contributions to promoting such protection and enforcement internationally, Switzerland remained on the 2018 Special 301 Watch List due to the lack of sufficient measures to address online copyright piracy. In some cases specified in the agreement, however, it is imperative to obtain the opinion of a laboratory, a control institute or a notified body. It signed the agreement on 2 May 1992, and submitted an application for accession to the EU … FOREIGN TRADE BARRIERS -357- SWITZERLAND TRADE SUMMARY The U.S. goods trade surplus with Switzerland was $39 million in 2011, down $1.5 billion from 2010. Some Swiss sectors operate under state monopoly, such as rail transportation, postal services, and insurance services, though Switzerland’s growing trend towards liberalization has removed many barriers to competition in automotive, electrical, telecommunications, and postal industries. This applies to machinery, medical devices, motor vehicles and electrical devices, for example. There are a number of other barriers which companies raise although in a less systematic way. A moratorium on planting biotechnology crops and marketing agricultural biotechnology animals is scheduled to remain in force through the end of 2021. Switzerland earns every third franc through trade with the EU. Any certificate of conformity issued by an authorized body in Switzerland or the EU is recognized by the other party. The LETC was revised in 2010 to integrate the unilateral application by Switzerland of the Cassis de Dijon principle. It’s a diverse and mature economy with opportunities in all sectors. Swiss agriculture is highly subsidized and regulated, with price controls, production quotas, import restrictions, and tariffs all supporting domestic production. The Swiss Federal Law on Technical Barriers seeks to prevent Swiss companies from having to manufacture different products for the Swiss and European markets. The Swiss Federal Law on Technical Barriers (LETC) largely adapts Switzerland’s technical rules to EU rules. The Swiss Federal Customs Administrationlists the customs tariff (Tares) their website free of charge. The country has a very stable economy, which is attractive for foreign investments and this is why foreign investments in Switzerland represent an important component of the local economy. The 1999 Agreement on dismantling technical barriers to trade (Mutual Recognition Agreement – MRA) calls for the mutual recognition by Switzerland and the European Union (EU) of conformity tests for industrial products. Trade barriers are government-induced restrictions on international trade.. Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency; this can be explained by the theory of comparative advantage.. Last Published: 2/14/2019 Switzerland generally meets its commitments under WTO and bilateral agreements, making it a desirable trade destination for U.S. products and services. In this case, a single conformity assessment suffices to market the product. These barriers are marked as "key barriers" in the Market Access Database. Switzerland's machine tool sector - which makes everything from industrial drills to machines that can produce automotive parts - sold almost … Of the five export sectors monitored by Switzerland Global Enterprise and the Global Trade Alert, the MEM sector has seen the most policy changes in Switzerland’s trading partners since the beginning of 2017. That dollar amount represents a 15.8% increase from $31.9 billion in black ink for 2018. In addition, a scientific research agreement fully associated Switzerland into the EU's framework research programm… Switzerland - Trade Barriers Includes the barriers (tariff and non-tariff) that U.S. companies face when exporting to this country. Switzerland is the world’s most competitive economy for the seventh consecutive year according to the World Economic Forum’s (WEF) 2015-16 Global Competitiveness Index. Agricultural products not produced in Switzerland, such as tropical fruit and nuts, tend to have lower tariffs. Equivalence between the legislation of Switzerland and the EU is not allowed. The Swiss goods that make the country famous all around the world for are watches, chocol… Switzerland has signed bilateral agreements with the EU that guarantee many of the same economic advantages and lowered barriers to trade that EU members enjoy. Roughly 80% of exports are to the EU. The business links between Switzerland and the UK are extremely strong with more than 80 flights per day linking the UK with Switzerland. In 2008, bilateral trade passed the 1 billion franc mark – per day. Overall, Switzerland posted a $36.9 billion trade surplus for 2019. The LETC was revised in 2010 to integrate the unilateral application by Switzerland of the Cassis de Dijon principle. "Since the financial crisis, more than a thousand new trade barriers are registered every year," says Alfonso Orlando, Head of Export Help at Switzerland Global Enterprise. Published on Sep 26, 2020. Be the first to feature your expertise related to Non-tariff Barriers in Switzerland!. For Swiss companies, abandoning the second conformity assessment presents several advantages: Companies can find a wealth of information about conformity assessments and accredited control bodies on the website of the Swiss Accreditation Service (SAS). The US faces three relative barriers to trade with Asia—the RCEP, failing to join the TPP, and US trade taxes on domestic companies. Since 1993, Switzerland has acted on various policy fronts - specified in the context of a "revitalization programme" and its recent implementation of the Uruguay Round agreements - to enhance competition, shed internal barriers to factor mobility and trade, and reformulate policies in such protected areas as agriculture and services. They have only gotten worse on account of trade barriers and increasing protectionism. Main barriers for doing business in Switzerland for companies from EU Member States This list contains barriers which EU companies systematically raise with EU and Member States embassies as problematic for their access to the Swiss market. Both assessments can be carried out by the same assessment body, however. The Swiss customs tariff, is based on the internationally valid Harmonized System (HS). These assessments establish whether a product conforms to the rules in force in Switzerland and in the EU (for example, in matters of consumer health) and whether it meets the conditions for placement on the market. This barrier has nevertheless been significantly reduced thanks to the Agreement on Technical Barriers to Trade. Set Up FREE Account Submit Release. Equivalence between the legislation of Switzerland and the EU is allowed. But where do Swiss SMEs encounter the biggest hurdles? The Swiss Federal Law on Technical Barriers (LETC) largely adapts Switzerland’s technical rules to EU rules. In order for biotech food or animal feed products to be imported and sold on the Swiss market, they must undergo a lengthy approval process. Switzerland signed a free-trade agreement with the then European Economic Community in 1972, which entered into force in 1973.. Switzerland is a member of the European Free Trade Association (EFTA), and took part in negotiating the European Economic Area (EEA) agreement with the European Union. Merchandise Trade statistics for Switzerland (CHE) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Swiss Must Knock Down Trade Barriers, Says Report 09 April 2015. Switzerland Trade Barriers News Topics; Specialized News Sections on Switzerland Trade Barriers. Get by Email • RSS. In January 2017, the U.S. and Swiss governments concluded the U.S.-Swiss Privacy Shield Framework to provide companies a mechanism to comply with Swiss data protection requirements when transferring personal data from Switzerland to the United States. In addition, use of a second conformity assessment is increasingly unnecessary, allowing Swiss companies to bring their products to the European market more quickly. This enables Swiss companies to increase their competitiveness over market players from countries that don’t have free trade agreements in … +1 (202) 335-3939. Some barriers to trade still remain in a select few areas that present limitations to U.S. market opportunities in Switzerland and of which U.S. businesses should be aware. Switzerland is currently our 16th largest goods trading partner with $62.5 billion in total (two way) goods trade during 2019. With a open economy, Switzerland provides low prices when referring to manufactured goods; it also provides suitable policies forimport-export matters. Switzerland and the EU are more than just neighbours. Juni 1999 zwischen der Schweiz und der Europäischen Gemeinschaft über den Handel mit landwirtschaftlichen Erzeugnissen (only in German) (PDF, 325 kB, 14.11.2019), In the lower area of the following website, https://www.kmu.admin.ch/content/kmu/en/home/concrete-know-how/import-export/choosing-partner-country/import-export-eu/non-tariff-barriers.html, FDFA: Federal Department of Foreign Affairs, FDJP: Federal Department of Justice and Police, DDPS: Federal Department of Defence, Civil Protection and Sport, EAER: Federal Department of Economic Affairs, Education and Research, DETEC: Federal Department of the Environment, Transport, Energy and Communications, FCAB: Federal Consumer Affairs Bureau (in German only), BWO: Bundesamt für Wohnungswesen (in German only), SERI: State Secretariat for Education, Research and Innovation, SECO: State Secretariat for Economic Affairs, Bundesgesetz über die technischen Handelshemmnisse (THG) (only in German), Abkommen vom 21. Post any content you may have that features your expertise, such as a text article with business tips, presentation, market report, etc Questions? SWITZERLAND – Half of Swiss farm receipts come from farm support measures and major trade barrier reductions should be rolled out to address this. U.S. agricultural product access to the Swiss market further faces challenges from restrictive private standards and certain government regulations. (*) In its conclusions of 8 December 2008, the Council of the European Union asked the European Commission "to draw up, in conjunction with Member States, a list of trade barriers to be prioritised in each of the EU's major trading partners ...". For further information, visit t…
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