Switzerland needs a new awareness of its industry
The Swiss export industry generates more than a quarter of total value added, but serious tariffs and global uncertainties are calling the tried-and-tested model into question. It is time for a clear national industrial strategy that focuses on resilience, competitiveness and sustainability.
With an export share of over 80%, the manufacturing industry contributes around 18% directly to Switzerland’s gross domestic product. With industry-related services, the share rises to more than 25 percent or CHF 230 billion annually. Industry not only ensures high added value and low youth unemployment, but also directly and indirectly finances infrastructure, education and social security.
Global trade relations are indispensable
Current US punitive tariffs of 39% on Swiss goods threaten exports and thus fundamental pillars of economic performance. Switzerland’s prosperity and crisis resilience are traditionally based on open, reliable and comprehensive trade relations, especially with the EU as the most important sales market. The rapid ratification of the Bilaterals III and new free trade agreements is key to breaking down barriers and securing long-term competitiveness.
Further develop framework conditions
Low unemployment and the continued strength of the industry are based on factors such as the dual education system, lean bureaucracy, flexible short-time working and a liberal economic order. Extending the duration of short-time work and maintaining the liberal labor market are key instruments in this regard.
Need for political action
The industry needs a policy that takes its economic importance seriously. The “Swiss export nation” model will remain successful if companies can pursue innovative paths and politicians consistently provide the reliable framework conditions for this. This must be done without blockades and with a clear focus on maintaining international competitiveness.
Secure industrial strength politically
Switzerland must become aware of its industrial strengths and develop them further with courage. Only with better networking, political will to make decisions and optimal framework conditions can the international success of industry be secured in the long term.