Confederation and cantons want to attract foreign companies

The federal government and the cantons intend to step up efforts to promote Switzerland as a business location to foreign companies. To this end, a cooperation agreement was reached for the years 2009–2011.

 The Confederation and the cantons want to strengthen the promotion of Switzerland as a business location among foreign companies. To this end, a cooperation agreement has been reached for the years 2009-2011. This was announced by the Conference of Cantonal Directors of Economic Affairs (VDK) in a communiqué on Monday, stating that the establishment of international companies in Switzerland has made an above-average contribution to Switzerland's economic growth in recent years. The VDK writes that existing jobs have been preserved and new ones created thanks to companies moving to Switzerland. The federal government's promotion of Switzerland as a business location to date has been inadequate. The cooperation provides for the cantons to financially support the promotion of Switzerland as a business location in nine countries by the Office of Foreign Trade (Osec).

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