Market Brief Focus on the Switzerland Market© - ZimTrade

<strong>Market</strong> <strong>Brief</strong><strong>Focus</strong> on the Switzerland <strong>Market</strong>©Last Updated December 2011Compiled By S. Muchineuta

General BackgroundOfficial Name: SwitzerlandLocation: Strategically situated in central Europe at the intersection of major international traderoutes and borders on Italy in the South, Austria and the Principality of Liechtenstein in the East,Germany in the North and France in the West.Capital: BerneArea: 41 300 km²Population: 7,623,438 July 2010Major city population: Zurich 1,332,727Geneva 446,106Berne 969,299Major languages: German, French, ItalianTime zone: Switzerland is an hour behind ZimbabweClimate: The climate is divided between that of mild Mediterranean South of the Alps and the North,which is influenced by the humid maritime climate of Western Europe and the cold continental climate ofEastern Europe.Literacy: The literacy rate is 99%International Trade Organisation Participation:, EFTA, ESA, FAO, ILO, IMF, IMO, OECD,UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNITAR, UNWTO, UPU, WCO, WFTU, WHO,WIPO, WMO, WTOBusiness Hours: Most business operate from Mon-Fri from 09:00am-17:00pmTravel Information guide: Air Zimbabwe has a flight which link into London on a weekend, visitwww.airzimbabwe.aero for more information and connect to Switzerland, more than 100scheduled airlines fly to/from Switzerland within Europe. Visit the following websites to bookSwiss International Air Lines www.swiss.com; South African Airways www.flysaa.com;United Airlines www.ual.com or British Airways (www.ba.com) among others.Finance and EconomyThe local currency is the Swiss francs (CHF).Exchange rate: 1 US Dollar = 0.92383 Franc (6 December 2011)GDP - real growth rate: 2.6% (2010 est.)GDP - per capita (PPP): $ 41,663 (2010 est.)GDP - composition by sector: Agriculture: 1.3%Industry: 27.5%Services: 71.2% (2010 est.)Inflation consumer prices: 0.7% (2010 est.)Major industries:

Tourism, banking, insurance and financial services, watch-making, precision instrumentmanufacturing and chemical manufacturing.Main Exports: Machinery, chemicals, metals, watches, agricultural productsMain Imports: Machinery, chemicals, vehicles, metals; agricultural products, textilesTEN MAJOR IMPORTING MARKETS/COUNTRIES FOR ALL PRODUCTS EXPORTED BY SWITZERLAND IN 2010

Source: www.trademap.orgTEN MAJOR EXPORT COMMODITIES BY SWITZERLAND IN 2010EXPORT PRODUCTSEXPORTEDVALUE 2010,USD ‘000’Pharmaceuticals 27,614,893Human & animal blood 16,575,587Wrist- or pocket-watch 9,468,176Orthopaedic appliance 5,772,065Heterocyclic compounds 5,082,755Electrical energy 4,863,745jewellery 4,799,507Platinum 4,716,994Machinery 3,433,386Carboxyamid-functn compound 2,329,906TOTAL WORLD EXPORTS 195,609,280Source: www.trademap.orgTEN MAJOR SUPPLYING MARKETS FOR ALL THE PRODUCTS IMPORTED BY SWITZERLAND 2010EXPORTING COUNTRIESIMPORTED VALUE 2010,SHARE IN SWITZERLAND 'SUSD ‘000’IMPORTS, %Germany 56,285,671 31.9Italy 17,971,795 10.2France 14,992,674 8.5United States of America 9,448,429 5.4Netherlands 7,988,235 4.5Austria 7,624,960 4.3

United Kingdom 6,842,668 3.9China 5,848,179 3.3Ireland 5,629,153 3.2Belgium 4,926,763 2.8TOTAL WORLD IMPORTS 176,280,626 100Source: www.trademap.orgTEN MAJOR PRODUCTS IMPORTED BY SWITZERLAND 2010IMPORT PRODUCTSIMPORTED VALUE2010, USD ‘000’Pharmaceuticals 12,536,395Cars 8,965,339Jewellery 6,829,859Petroleum oils 5,132,028Heterocyclic compounds 4,759,399Human & animal blood 4,200,465Electrical energy 3,590,614Platinum 3,197,377Computers 3,160,782Crude petroleum oils 2,748,176TOTAL WORLD IMPORTS 176,280,626Source: www.trademap.orgTrade between Zimbabwe and SwitzerlandZimbabwe Exports to Switzerland 2010DESCRIPTION ( US$) % OF TOTALRefined copper 6,860,987.57 54.48Unwrought nickel 2,443,020 19.4Ferro-alloys 1,542,369.22 12.25Granite 1,205,598.07 9.57Chromium ores 205,140 1.63Gold 186,511.21 1.48TOTAL ( US$) 12,593,666.26 100Source: ZimTrade- Zimbabwe Trade Statistics DatabaseZimbabwe Imports from Switzerland 2010DESCRIPTION ( US$) % of TOTALPetroleum oils 20,676,311.17 42.89Furnishing articles 6,576,458.18 13.64Mineral or chemical fertilizers 4,008,877.18 8.32

Wheat and meslin 2,338,754.92 4.85Cyanide oxides 1,786,375.33 3.71Maize(corn) 1,408,895.53 2.92TOTAL ( US$) 48,207,424.42 100Source: ZimTrade- Zimbabwe Trade Statistics Database<strong>Market</strong> AccessZimbabwean passport holders need a visa to get into Switzerland. Swiss citizens are required toalways carry personal identification, so you are required to carry your passport at all times.Switzerland extends Generalised System Preferences (GSP) to Zimbabwe. The GSP is a system thatprovides reduced Most Favored Nation (MFN) rates of duty or duty free access to products from thedeveloping countries. The preferences vary by country and product and changes from year to year. Fulldetails of the conditions covering the admission to the GSP in any particular member country can beobtained from the customs authorities in those countries.Zimbabwe and Switzerland are both members of World Trade Organisation (WTO). The main function ofWTO is to make sure that the movement of international trade is both efficient and reliable. It lays downmultilateral rules for trade in goods, creates a liberal and open trading system under which businessenterprises from member countries can trade with one another under conditions of fair competition.The Swiss business community has a keen interest in unimpeded free competition and trade, not only inSwitzerland, but also internationally. Switzerland is a signatory to 26 different free-trade agreements. Itgrants Most-Favored-Nation status to all WTO members and generally promotes the worldwide reductionof trade restrictions.Trade ContactsWorld Trade Center Geneva29 route de pre-Bois, B.P. 8561215 GENEVATel: +41 229295656Fax: +41 227910885Email: info@ wtc-geneva.chWebsite: www.wtc-geneva.chAssociation Swiss ExportVerband/Association, Staffelstrasse 88045 ZURICHTel: +41 44 2043486Fax: +41 44 2043480Email: info@swissexport.comWebsite: www.swiss-export.comOSEC Business Network SwirtzerlandStampfenbachstrasse 85P.O. Box 24078021 ZURICHTel: +41 44 3655151

Fax: +41 44 3655221Email: contact@osec.chWebsite: www.osec.chSwiss Import Promotion Programme (SIPPO)Stampfenbachstrasse 85P.O. Box 4928035 ZURICHTel: +41 44 3655200Fax: +41 44 3655289Email: info@sippo.chWebsite: www.sippo.chTrade Point GenevaWorld Trade Centre Geneva, 29, route de Pre-BoisCase Postale 896Tel: +41 22 9295656Fax: +41 22 9295629Email: tpgeneva@bluewin.chWebsite: www.tpgva.chEmbassy of Swirtzerland9 Lanark Road, BelgraviaP.O. Box 3440, HarareTel: +263 4 703997-8Fax: +263 4 794925Email: vertretung@har.rep.admin.chPermanent Mission of the Republic of Zimbabwe27 Chemin William Barbey 1292 GenevaGenevaBrusselsTel: +41 22 7583011/13/26Fax: +41 22 7583044Email: mission.zimbabwe@ties.itu.int