A study released today by Swiss think tank Avenir Suisse found that a trade agreement between Switzerland and the U.S. would bring considerable prosperity to both countries. It finds that within five years, trade in goods could increase by more than $14 billion and more than 40,000 new jobs could be created – 27,500 of them in the United States. Switzerland and the United States are strong economic partners; Switzerland is the 7th largest foreign direct investor in the United States, and the U.S. is Switzerland’s second largest trading partner.
Ambassador McMullen has long advocated that our countries’ bilateral relations can grow even stronger: “Our likeminded approach to economic freedom, free trade, and entrepreneurship creates opportunities to deepen trade ties. As Secretary of State Pompeo stated during his June 2, 2019 press conference with Federal Councillor Cassis in Bellinzona, an agreement across all industries in both our economies would make trade faster, fairer, and more mutually advantageous.”
In addition to strong trade and investment ties, our countries also have a long record of collaboration on research and development, science and technology, workforce training, and exchange programs.
The full Avenir Suisse study can be downloaded here.