The Swiss Biotech Business Environment -- Access to Markets and Talent
While Switzerland is not a member of the EU, a series of bilateral agreements with the EU make certain that goods, services and personnel move freely between the country and EU member nations, Mr. Brossi explains. Outside Europe, the U.S. and Canada are among the country's major trading partners.
"To help the industry secure needed talent Switzerland has opened its labor market to the 15 original EU and 5 EFTA Nations by eliminating a quota system," Mr. Brossi says. "This eases staffing tasks for companies requiring skilled personnel in excess of those graduating from Swiss universities and institutes of technology. Foreign-based firms as well as Switzerland's own companies now can draw staff from among the best Europe has to offer."
Overall Business Climate
A country's ranking in recognized economic studies provides some help
in making foreign direct investment decisions across many businesses. Some
examples of Switzerland's rankings:
-- 1st in Europe in the 2008 World Competitiveness Yearbook published by
The Institute of Management Development.
-- 2nd in the 2007-2008 Global Competitiveness Report and 3rd in the
2007-2008 Global IT Report published by the World Economic Forum.
-- 3rd in Europe as the best place in the world to conduct business over
the next five years, according to the Economist Intelligence Unit's
latest business environment rankings.
-- 2nd in Europe in the 2008 Index of Economic Freedom published by
The Heritage Foundation/The Wall Street Journal.
The Swiss Tax Environment
According to recent surveys of European tax regimes, Switzerland's tax
system is one of the leaders in terms of overall
|SOURCE Location Promotion Switzerland|
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