Switzerland- Business Opportunities
Mr. Othmar Hardegger, the Consul General of Switzerland accepted the Honorary Membership of Global India Business Forum, in the presence of Dr. Jitendra Joshi, Global President, Ms. Deepali Gadkari, Global Coordinator, Mr. Abhishekh Joshi- Global Youth Coordinator and Bhakti Jamadagni. Realizing the strengths of Global India Business Forum and the Consulate of the Republic of Switzerland and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.
Switzerland, officially called the Swiss Federation, is a country situated at the junction of Western, Central and Southern Europe. It is a federal republic and is composed of 26 cantons or the member states of the Swiss Federation, with the federal authorities based in Bern. Switzerland is a landlocked country because it shares its borders with other countries like Italy, France, Germany, Austria and Liechtenstein. It has a total area of 41,285 sq. km. and land area of 39,997 sq. km. The population of Switzerland currently stands at 86,54,622 and the federal city of the country is Bern. The largest cities and economic centers of Switzerland are Zurich, Geneva and Basel. These large cities are all home to some of the most prestigious organisations in the world such as the headquarters of FIFA, the second largest office of the UN and the main building of the Bank for International Settlements. The main international airports of Switzerland are located in these cities too.
Business Opportunities in Switzerland
The tourism sector of Switzerland thrives on the constant influx of tourists to visit the scenic locations of the country. Tourism is one of the main sectors of Switzerland and one of the main sources of income for its economy too. So if a country is interested in this particular sector of Switzerland, then this sector can open up a lot of business opportunities for Switzerland as well as other countries. Since the Swiss labour force is highly specialized in the services industry and since Switzerland has the most advanced machinery and technologies at its disposal, these can act as attractive business opportunities for countries looking to invest in the manufacturing and services industries.
Exports and Imports in Switzerland
The exports of Switzerland increased to CHF 18.8 billion in the month of November 2020, thanks to the high sales of chemical and pharmaceutical products, watches, machinery, etc. On the other hand, the imports of Switzerland also increased to CHF 15.7 billion in November 2020 due to the import of chemical and pharmaceutical products, machines and electronics, etc.
Top Exports of Switzerland
The top exports of Switzerland are pharmaceutical products, pearls (both natural and cultured), precious and semi-precious stones, precious metals, watches, machinery and electronics. The main export partners are Germany, India, the UK, China, the USA, Hong Kong, Japan, France and Spain.
Top Imports of Switzerland
The top imports of Switzerland are gold, organic chemicals, mineral oils and fuels and mineral waxes. The main import partners of the country are Italy, Germany, France, the USA, the UAE, Austria and Ireland.