Press releases
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Ministerial meeting of the Future of Investment and Trade Partnership: A joint commitment to rules-based global trade
On 17 July 2026, the second ministerial meeting of the Future of Investment and Trade Partnership (FIT Partnership) convened in Auckland, New Zealand. Switzerland was represented by SECO State Secretary Helene Budliger Artieda. The small and medium-sized economies that form the FIT Partnership reaffirmed their commitment to a rules-based trading system.
US tariffs: Federal Council reaffirms commitment to Switzerland–US joint statement
On 14 November 2025, Switzerland and the United States signed a joint statement aimed at stabilising bilateral trade relations. The Federal Council is determined to honour its commitments under that agreement. To this end, on 29 June it published a declaration setting out how it intends to implement certain further elements of the joint statement. In return, it expects the United States to fulfil its corresponding commitments. A comprehensive trade agreement remains the Federal Council's overarching aim.
Federal Council prioritises international cooperation and strengthens humanitarian aid
At its meeting on 24 June 2026, the Federal Council set out the key parameters for international cooperation from 2029. In future, Switzerland will focus its development cooperation in a more targeted manner, establish a clear division of responsibilities between the SDC and SECO, and strengthen its humanitarian aid. In doing so, it is responding to the altered geopolitical situation, enhancing the impact of its international cooperation and, at the same time, achieving savings for the federal budget. The budget for international cooperation remains virtually unchanged at around CHF 2.4 billion per year. The measures that have been adopted will result in an annual reduction of around CHF 20 million from 2027. The FDFA and the EAER were tasked with drafting a consultation document on the International Cooperation Strategy 2029–32 on this basis.
Ukraine Recovery Conference 2026: Switzerland reaffirms its commitment to reconstruction
Switzerland will be represented at the Ukraine Recovery Conference (URC) to be held in Gdańsk from 25 to 26 June by a delegation led by Jacques Gerber, the Federal Council’s Delegate for Ukraine. Launched in Lugano in 2022 at Switzerland’s initiative, the Conference has become the key international forum for the reconstruction of Ukraine. This year’s event will focus on the country’s economic recovery, support for critical infrastructure, strengthening security capabilities, and promoting reforms and the fight against corruption.
Economic forecast: Iran crisis clouds the outlook
The Federal Government Expert Group on Business Cycles has revised its growth forecast for Switzerland slightly downward. GDP is now expected to increase by 0.9% in 2026 – well below the historical average – followed by 1.6% in 2027 (March forecast: 1.0% and 1.7% respectively). [1] The crisis in the Middle East is driving up energy prices and weighing on the global economy. Uncertainty remains high.
Responsible Business Conduct: OECD gives Switzerland high marks
The Swiss National Contact Point for Responsible Business Conduct, which is based within the State Secretariat for Economic Affairs (SECO), has undergone an review by the relevant OECD committee. On 17 June 2026, the OECD recognised the Swiss National Contact Point for its high level of professionalism and effectiveness. At the same time, the report contains recommendations aimed at further strengthening the visibility, transparency and impact of the mechanism.
Investment Screening Ordinance: Federal Council opens consultation
On 12 June, the Federal Council opened the consultation on the Investment Screening Ordinance, which sets out the implementing provisions for the Investment Screening Act passed by Parliament on 19 December 2025.
Federal government to step up support for sustainable infrastructure in developing countries
Switzerland is to provide USD 70 million in support of the Private Infrastructure Development Group (PIDG). The Federal Council took this decision at its meeting on 5 June. PIDG mobilises private sector capital to develop sustainable basic infrastructure in sub-Saharan Africa and South and Southeast Asia.
US additional tariffs: Switzerland continuing negotiations
On 5 June, the Federal Council discussed the next steps regarding the US Trade Representative’s Section 301 investigations. The Federal Council strongly rejects the allegations raised in the investigation into imports of goods produced with forced labour and will set out its arguments in writing once again. At the same time, trade negotiations are continuing.
OECD Ministerial Meeting on Industrial Policy
The President of the Swiss Confederation, Guy Parmelin, will lead the Swiss delegation at the next Meeting of the Council at Ministerial Level of the Organisation for Economic Co-operation and Development (OECD), to be held in Paris on 3 and 4 June 2026. This meeting, themed “Getting industrial policies right for open markets, growth and prosperity”, will offer ministers the opportunity, at a time of geopolitical tensions, to discuss industrial policy, its implications and risks, as well as the OECD’s strategic directions.
Gross domestic product in the first quarter of 2026: Growth picks up at the start of the year
In the first quarter of 2026, Switzerland’s gross domestic product (GDP) adjusted for sporting events grew by 0.4%, following growth of 0.2% in the previous quarter.(1) (2) The industrial sector was a key driver of growth. Growth in the services sector was subdued, with varied results across segments. Domestic final demand was weak.
Switzerland launches call for investment projects involving the Swiss private sector to support reconstruction in Ukraine
The third call for proposals aimed at supporting reconstruction in Ukraine involving the Swiss private sector was launched today. The focus is on investment projects aimed at constructing facilities for long-term production and/or operations in Ukraine. The federal government is providing up to CHF 50 million to co-finance the projects.
Export control exemptions to apply to all EU and EFTA states
On 27 May 2026, the Federal Council decided to extend country-specific exemptions under Swiss export control legislation on trade in military equipment to include all EU and EFTA states. The annexes to three federal ordinances will be amended accordingly. As of 1 July, states added to the lists will benefit from the same concessions as those already applicable to most EU member states and to Norway.
Ukraine: Switzerland expands its sanctions lists
The Federal Department of Economic Affairs, Education and Research (EAER) expanded the sanctions lists concerning Russia and Belarus on 22 May. Switzerland is thus adopting various changes that the EU decided on as part of its 20th package of sanctions. The measures come into force at 11pm on 22 May.
Switzerland and Serbia further deepen their longstanding good relations
During his visit to Serbia on Tuesday, 28 April, President Guy Parmelin met with President Aleksandar Vučić and Prime Minister Đuro Macut. The talks focused on bilateral relations, the situation in the Western Balkans, the introduction of a human rights dialogue, and international affairs. The presidential visit saw the signing of an agreement on an innovation programme and the launch of a new cooperation programme for the period up to 2029.
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