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<strong>Swiss</strong> <strong>Trade</strong><br />

– Your guide to exporting successfully<br />

Chambers at work<br />

Planning to enter a new market? Prepare<br />

yourself in advance! The <strong>Swiss</strong> Foreign<br />

<strong>Trade</strong> Chambers know their markets, provide in<br />

depth analyses and have an extensive network<br />

of partners. They know the peculiarities and the<br />

challenges you will come across.<br />

“Rogerise” your business<br />

<strong>Swiss</strong> export companies can draw in-<br />

15<br />

spiration from the <strong>Swiss</strong> national hero<br />

Roger Federer’s success abroad, by acting in<br />

a more self-confident, youthful and dynamic<br />

manner, enhancing the already strong <strong>Swiss</strong><br />

quality brand.<br />

6 24<br />

Manage your export risks<br />

The product is not sold until you get<br />

paid. <strong>Swiss</strong> exporters have multiple solutions<br />

to counter the risks of doing business<br />

abroad, a precious support in a time of crisis.<br />

The key is to assess the precise needs of the<br />

exporting company.<br />

75 years of <strong>Swiss</strong>Cham Women in international business Cleantech nation Switzerland Getting your message across


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<strong>Swiss</strong> <strong>Trade</strong> November 2010 3<br />

Welcome to the World of <strong>Swiss</strong>Cham<br />

Founded in 1935, the non-profit organization<br />

<strong>Swiss</strong>Cham’s role is to make<br />

a private sector contribution to promote<br />

and support <strong>Swiss</strong> foreign economic relations<br />

in general and <strong>Swiss</strong> exports<br />

of products or services in particular.<br />

It represents the common interests of<br />

its members in administration, parliament<br />

and other public institutions and<br />

works towards free market access for<br />

<strong>Swiss</strong> exporters worldwide. Our member<br />

chambers are private organizations,<br />

representing the economic interests of<br />

Switzerland in their respective countries<br />

and helping our export industry to gain<br />

access to new markets, making contacts<br />

with the right partners and foreign authorities.<br />

<strong>Swiss</strong>Cham and its members seek a<br />

good and reliable partnership with the<br />

state export promotion agency, which is<br />

obliged to work on a non-competitive basis<br />

with the private initiative. The state export<br />

promotion agency structure is needed<br />

where potential opportunities arise for<br />

<strong>Swiss</strong> <strong>Trade</strong><br />

– Your guide to exporting successfully<br />

is produced by NextMedia in<br />

cooperation with <strong>Swiss</strong>Cham<br />

Project manager Kaija Kurki-Suonio<br />

Journalists Ivonne Büttner, Cyril Demaria, Martina<br />

Gyger, Peter Mulry<br />

Graphic Design Andreas Lathe, Stellan Stål<br />

Editorial assistant Sandra Ahlqvist<br />

Printing Zieglerdruck AG<br />

Distribution Published in Bilanz on 5th of November<br />

2010 and distributed through the chamber network<br />

Arab Countries www.casci.ch<br />

Argentina www.suiza.org.ar<br />

ASEAN Countries www.sacc.ch<br />

Australia www.sacci.com.au<br />

Austria www.hk-schweiz.at<br />

Baltic States www.sbcc-chamber.com<br />

www.swissbalticchamber.com<br />

www.baltics.ch<br />

Belarus www.jointchambers.ch<br />

Brazil www.swisscam.com.br<br />

Bulgaria www.bsccbg.com<br />

www.swisscham-bulgaria.com<br />

Central Europe www.sec-chamber.ch<br />

Chile www.swisschile.cl<br />

China www.sccc.ch<br />

Colombia www.colsuizacam.com<br />

Cuba www.swisscuban.org<br />

Czech Republic www.hst.cz<br />

Denmark www.dshk.ch<br />

England www.bscc.co.uk<br />

For more information about the content, please contact<br />

Barbara Möckli-Schneider, Managing Director <strong>Swiss</strong>Cham<br />

Phone: +41 41 620 66 83<br />

E-mail: swisscham@chambersservices.ch<br />

For more information about publications in daily press,<br />

please contact NextMedia<br />

Phone: +41 41 726 90 50 E-mail: info@nextmedia.se<br />

Get Your Benefits & Services from the Members of <strong>Swiss</strong>Cham<br />

<strong>Swiss</strong>Cham, the Association of <strong>Swiss</strong> Foreign <strong>Trade</strong><br />

Chambers, has been operating since 1935. This private<br />

sector organization promotes <strong>Swiss</strong> exports and<br />

a <strong>Swiss</strong> economic presence abroad through its global<br />

network of member chambers of commerce.<br />

www.swisscham.ch<br />

<strong>Swiss</strong> exporters and private chambers are<br />

not yet active.<br />

Where wellorganized chambers have<br />

established a presence, we invite the state<br />

financed export promotion agency to collaborate,<br />

not to compete, and to finance<br />

state or private company services in a<br />

cost-efficient way, thereby strengthening a<br />

structure already financed by the membership<br />

fees of <strong>Swiss</strong> export companies. For<br />

some member chambers it is difficult to<br />

fully finance themselves privately. Reasonable<br />

public support could develop their capabilities<br />

to promote our export industry.<br />

<strong>Swiss</strong>Cham has 56 member chambers,<br />

which represent the <strong>Swiss</strong> export industry<br />

in 105 countries. In our chambers – as<br />

well as the association – members do a lot<br />

of voluntary work in the interests of the<br />

<strong>Swiss</strong> economy. It is therefore in the public<br />

interest that in the future, a fair share<br />

of the state export promotion budget goes<br />

to our members.<br />

At <strong>Swiss</strong>Cham, we look forward to<br />

continuing to contribute to Switzerland’s<br />

<strong>Swiss</strong>Cham Members<br />

export success. Our members welcome<br />

you and invite you to join our worldwide<br />

networking platform as we celebrate 75<br />

years of <strong>Swiss</strong>Cham this year.<br />

Peter Silberschmidt<br />

President, <strong>Swiss</strong>Cham<br />

Finland www.sveitsi.fi<br />

Germany www.handelskammer-d-ch.ch<br />

www.sdwc-ffm.de<br />

www.vsud.ch<br />

Hungary www.hsu-zuerich.ch<br />

www.swisscham.hu<br />

India www.sicc.ch<br />

Israel www.swissisrael.ch<br />

Italy www.ccis.ch<br />

www.ccsi.it<br />

Japan www.sccij.jp<br />

www.sjcc.ch<br />

Kazakhstan www.jointchambers.ch<br />

Korea www.sacc.ch<br />

www.skbckorea.org<br />

Kyrgistan www.jointchambers.ch<br />

Latin America www.latcam.ch<br />

Lichtenstein www.hk-schweiz.at<br />

Malta www.maltacham.ch<br />

Mexico www.aems.com.mx<br />

Moldova www.jointchambers.ch<br />

www.chmd.ch<br />

Morocco www.ccsm.ma<br />

Pakistan www.sacc.ch<br />

Peru www.swisschamperu.org<br />

Polen www.swisschamber.pl<br />

Portugal www.camsuica.com<br />

Republic of Moldova www.chmd.ch<br />

Romania www.ccer.ro<br />

Russia www.jointchambers.ch<br />

Slovakia www.hssr.sk<br />

South Africa www.scsa.ch<br />

Spain www.aehs.info<br />

Sweden www.schweiziskahandelskammaren.se<br />

www.swecham.ch<br />

Turkey www.tr-ch.org<br />

Ukraine www.jointchambers.ch<br />

Uruguay www.swisschamuruguay.org.uy<br />

USA www.amcham.ch<br />

Venezuela www.camarasuiza.org


<strong>Swiss</strong> <strong>Trade</strong> November 2010 5<br />

The Success of <strong>Swiss</strong> exports<br />

– a joint state, private and industrial effort<br />

Doris Leuthard, President of the <strong>Swiss</strong> Confederation, and Jean-Daniel Gerber,<br />

State Secretary and Director of the State Secretariat for Economic Affairs,<br />

reflect on <strong>Swiss</strong> export potential, Strategies and challenges.<br />

Government<br />

Written by Martina Gyger<br />

Switzerland has recovered<br />

from the economic crisis, and<br />

<strong>Swiss</strong> economic output reached<br />

prerecession levels in mid-2010.<br />

At <strong>Swiss</strong>Cham’s 75th annual<br />

general meeting in May in Interlaken,<br />

President Doris Leuthard<br />

said that Switzerland was able to<br />

maintain the strong position it<br />

had before the crisis.<br />

“We continue to be the most<br />

competitive country in the<br />

world, the most innovative in<br />

Europe, and we are second in<br />

the world in vocational training.<br />

In 2009, our macro-economic<br />

debt ratio according to Maastricht<br />

was reduced to 38.8%.<br />

Our unemployment rate has decreased<br />

six months in a row and<br />

is currently at 3.5% (September<br />

2010). These figures are the result<br />

of solid work in politics and<br />

the economy, steady investment<br />

in research and companies that<br />

were flexible enough to adjust<br />

their internal structures.”<br />

At the same time, the export<br />

industry is facing new challenges,<br />

and <strong>Swiss</strong> exports have<br />

started to lose momentum over<br />

the last few months.<br />

“The strengthening of the <strong>Swiss</strong> Franc<br />

against the Euro and the US-Dollar poses<br />

a big challenge, as <strong>Swiss</strong> export firms will<br />

have to struggle to maintain their price<br />

competitiveness on the world markets.<br />

Furthermore, economic growth prospects<br />

for the EU and the US are rather modest,<br />

as many countries are suffering from debt<br />

problems and fragile financial systems.<br />

Therefore, a cooling period is expected for<br />

<strong>Swiss</strong> export growth, from 7% in 2010 to<br />

only 2% next year”, explains Mr. Gerber.<br />

Doris Leuthard, President of<br />

the <strong>Swiss</strong> Confederation<br />

Switzerland’s success<br />

is due to an<br />

active foreign trade policy,<br />

which includes efforts on a<br />

multilateral level.<br />

Switzerland’s prosperity is heavily dependent<br />

on international trade. Good<br />

macroeconomic and innovation framework<br />

conditions, and in securing market<br />

access abroad are crucial elements for<br />

the success of exporting companies,<br />

he says. As Leuthard puts<br />

it, “Switzerland’s success is due<br />

to an active foreign trade policy,<br />

which includes efforts on<br />

a multilateral level, free trade<br />

agreements both on a bilateral<br />

level and within the framework<br />

of EFTA as well as the influence<br />

of export organisations. All<br />

those endeavours are helped by<br />

the export platforms which were<br />

created as part of the economic<br />

stabilisation measures.”<br />

“Export platforms in the field<br />

of Cleantech, Medtech, Architecture/Design<br />

and Engineering are<br />

designed to help SMEs in these<br />

industry sectors to strengthen<br />

their presence and profile<br />

abroad”, Gerber specifies. “In<br />

addition, Osec, a private association,<br />

has a government mandate<br />

to inform, advise and support<br />

SMEs on questions relating to<br />

business internationalisation”, he<br />

adds.<br />

Leuthard also points out that<br />

“<strong>Swiss</strong> chambers of commerce<br />

are important links between<br />

<strong>Swiss</strong> companies and the different<br />

regions of the world.”<br />

“The <strong>Swiss</strong> official promotion<br />

efforts are designed to complement<br />

private ones. In this set-up,<br />

bilateral chambers<br />

of commerce<br />

play an important<br />

role. For instance,<br />

they often have<br />

the most specific<br />

knowledge of local<br />

markets, and<br />

maintain important<br />

business net-<br />

State Secretary Daniel<br />

Gerber<br />

port SMEs”, Gerber adds.<br />

works. They are<br />

thus partners in<br />

the effort to ex


6 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

Chambers at work<br />

– your local partners worldwide<br />

About 37,000 <strong>Swiss</strong> companies export goods and services worldwide.<br />

The economic crisis, the strong <strong>Swiss</strong> franc and the slowing economic<br />

recovery have weakened <strong>Swiss</strong> exports tremendously. A good knowledge<br />

of the global market is more important than ever, as companies search<br />

for ways to turn the current situation to their advantage by finding new<br />

markets and niches for their product.<br />

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<strong>Swiss</strong> <strong>Trade</strong> November 2010 7<br />

Market expansion<br />

Written by Ivonne Büttner<br />

If you are planning to enter a new<br />

market, a few rules generally apply, no matter<br />

what continent or country you are looking<br />

to expand into. The most important<br />

one: Prepare yourself! Thorough<br />

preparation and extensive<br />

knowledge of the target market<br />

are essential! You can use the<br />

help of the chambers in Switzerland<br />

and in your local market.<br />

The chamber representatives<br />

know their markets, provide<br />

in-depth market analyses<br />

and have an extensive network<br />

of potential partners and useful contacts.<br />

Many of them have worked and lived in<br />

their respective countries for years. They<br />

know the peculiarities of their markets<br />

and the challenges you will come across.<br />

Dedicate time to research and gathering<br />

information; it is better in the long run<br />

than taking action too soon and failing<br />

because nothing worked out as expected.<br />

Ignorance of local practices is one of the<br />

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Business insured. Success ensured.<br />

There<br />

are a lot<br />

of other markets<br />

around the<br />

world worth<br />

looking into.<br />

biggest mistakes <strong>Swiss</strong> exporters make.<br />

Another thing the chambers will give<br />

you is honesty. They will tell you if the<br />

market you want to conquer is not for<br />

you, and that may save you a lot of trouble<br />

and money.<br />

Export nation Switzerland<br />

Switzerland is a successful export nation.<br />

The most important market<br />

is Germany, the destination<br />

of almost 20% of exports last<br />

year. In second place is the<br />

USA, with about 10%, Italy<br />

and France with more than<br />

8 % each, and China including<br />

Hong Kong with 5%.<br />

However, there are a lot<br />

of other markets around the<br />

world also worth looking into.<br />

Brazil and wider South America<br />

Take South America, for example: Brazil is<br />

Switzerland’s most important trading partner<br />

in South America, but with an export<br />

value of only about 1.5%. The country has<br />

undergone big changes in the last 15 years.<br />

“Brazil has developed into a socially and<br />

economically stable country with a sol-


8 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

id currency. Furthermore it wields a purchasing<br />

power not to be underestimated:<br />

namely 200 million people”, says Christian<br />

Hanssen, president of the <strong>Swiss</strong>-Brazilian<br />

chamber of commerce (SWISSCAM).<br />

This new stability and purchasing power<br />

has triggered a dramatic increase in<br />

consumption.<br />

Food is a large part of this, of<br />

course, as well as white goods like<br />

television sets or fridges, energy,<br />

gas, oil, and infrastructure. In a<br />

growing economy demand rises,<br />

and Brazil’s 2010 growth rate is<br />

an impressive 7%.<br />

“One thing is very important,<br />

though, when you are interested<br />

in doing business in Brazil”,<br />

stresses Hanssen, “you should be<br />

able to fund the business venture yourself,<br />

because with an interest rate of 25%<br />

a year and inflation at 4% you cannot be<br />

dependent on Brazilian banks.”<br />

Malaysia, China and wider Asia<br />

One of the most important factors of<br />

<strong>Swiss</strong> export values<br />

19 %<br />

President Christian<br />

Hanssen, SWISSCAM<br />

breaking into a new market is being open<br />

to a different culture.<br />

“In Asia, Malaysia and Singapore<br />

are the countries with a<br />

mentality most similar to that<br />

of the west, due their history<br />

of being a British colony”, says<br />

Patrick Kriesemer, member of<br />

the Executive board<br />

at the <strong>Swiss</strong> Asian<br />

<strong>Swiss</strong>Cham members<br />

Local office<br />

Representation<br />

Chamber of Commerce<br />

(SACC), Chairman<br />

of the Malaysia<br />

and Brunei Commit-<br />

tee, and managing partner of<br />

Kriesemer & Partners. That<br />

makes doing business with<br />

them a little bit easier.<br />

Culture and ethnicity is very<br />

important in Asia; you have to know<br />

about the differences, especially if you<br />

hire local employees. There are certain<br />

positions that are traditionally filled<br />

by the Malay, Chinese or Indians, and<br />

Kriesemer is convinced that not playing<br />

Executive board member<br />

Patrick Kriesemer,<br />

SACC<br />

by the prevailing rules can cost you success.<br />

Of course, the product or<br />

service you are providing will be<br />

the decisive factor, but even the<br />

best product can fail if you are<br />

not playing the markets properly.<br />

Kriesemer recommends involving<br />

experts with a strong local<br />

network and who knows how to<br />

prepare a successful market entry<br />

into any Asian country.<br />

“You have to offer something<br />

unique but cannot ignore<br />

the culture and its local rules. Sell <strong>Swiss</strong><br />

Made quality with an Asian face, that’s<br />

how it’s done”, says Kriesemer.<br />

The <strong>Swiss</strong> Made label can turn out to<br />

be the key to success, especially for young<br />

SMEs, because a lot of positive attributes<br />

are associated with it; quality, precision<br />

and reliability, to take a few examples.<br />

Japan is still Switzerland’s most important<br />

trading partner in Asia with almost


<strong>Swiss</strong> <strong>Trade</strong> November 2010 9<br />

4%, but bilateral trade with China is developing<br />

dynamically, at a higher rate<br />

than Switzerland’s overall foreign trade.<br />

It is already Switzerland’s third largest<br />

supplier of goods after the EU and the<br />

USA, and the fourth largest market for<br />

<strong>Swiss</strong> products.<br />

“The huge market and the flourishing<br />

economy appeal to <strong>Swiss</strong> companies”,<br />

says Susan Horváth,<br />

executive director of the <strong>Swiss</strong>-<br />

Chinese Chamber of Commerce<br />

(SCCC).<br />

Negotiations on a free trade<br />

agreement between Switzerland<br />

and China will be launched to<br />

improve market access, making<br />

business prospects even more<br />

interesting.<br />

Although the economic cri-<br />

sis had some negative affects on the Sino-<strong>Swiss</strong><br />

trade in 2009, the trade surplus<br />

for Switzerland still reached 300 million<br />

<strong>Swiss</strong> Francs, with a total trade vol-<br />

Executive director<br />

Susan Horváth, <strong>Swiss</strong>-<br />

Cham<br />

ume of CHF 10.7 billion. Switzerland is<br />

one of the very few countries, which has<br />

a continuous trade surplus with<br />

China in the past years.<br />

This year marks the 60th anniversary<br />

of diplomatic relations<br />

with China and the 30th anniversary<br />

of the <strong>Swiss</strong>-Chinese Chamber<br />

of Commerce, and<br />

proves that cooperation<br />

remains solid.<br />

“However, the Chinese<br />

market is extremely<br />

competitive”, warns Horváth.<br />

“Furthermore there are still<br />

many restrictions and the regulatory<br />

environment is complicated.<br />

It is important to do your<br />

homework first and get support<br />

at an early stage.”<br />

Eastern Europe with focus<br />

on the Baltic States and Russia<br />

The Baltic states (Estonia, Latvia and<br />

Lithuania) are suitable trading partners<br />

You have to<br />

offer something<br />

unique but cannot<br />

ignore the culture and<br />

its local rules.<br />

Director Peter Wolfensberger,<br />

SCCL<br />

for Switzerland for as simple a reason as<br />

their sizes, or as Peter Wolfensberger, director<br />

of the <strong>Swiss</strong> Chamber<br />

of Commerce in Latvia (SCCL)<br />

puts it:<br />

“It is your size! – Therefore<br />

you know exactly what you are<br />

dealing with.” Wolfensberger is<br />

talking about each of the three<br />

states individually. A lot of peo-<br />

ple make the mistake of seeing<br />

the Baltic States as just one market.<br />

“That would be like assuming Switzerland<br />

and Austria are one and the same<br />

because they are both Alpine countries”,<br />

compares Wolfensberger. “The Baltic<br />

States are three individual countries, with<br />

some shared history but still three different<br />

cultures.”<br />

If you want to enter the eastern European<br />

markets you have to base that decision<br />

on a thorough analysis of the differences<br />

between them to find the one best suited<br />

for you – with the help of the local chambers.


10 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

“A big difference between the chambers<br />

of the Baltic States and others is, that you<br />

get service from one hand”, Wolfensberger<br />

points out. “The chamber representatives<br />

also service the mandates. They have<br />

to, or otherwise they would not be able to<br />

survive.”<br />

Joining the EU marked a turning point<br />

for the Baltic States and caused a boom<br />

during the years 2004–2007, but then<br />

the economic crisis hit. The Baltic States<br />

are gradually recovering from that blow<br />

and therefore offer promising conditions<br />

for market expansion at present because<br />

of low wages and real estate prices – a<br />

great opportunity also for SMEs, to set up<br />

a business base in secure EU legal conditions,<br />

with best possible access to Eastern<br />

Europe beyond EU.<br />

“The choice of the right partner is essential”,<br />

emphasises also Gabriel Taus,<br />

Director of the Joint Chambers of Commerce<br />

(JCC), unifying several CIS chambers.<br />

“You can not underestimate the<br />

value of expert advice and good chemistry<br />

between partners.”<br />

In addition to solid financing, flexibility<br />

and patience are needed in markets such<br />

as the CIS countries.<br />

“Expect your business to take twice as<br />

Managing Director Thomas<br />

Seghezzi, SABC<br />

Join the <strong>Swiss</strong>-African Business Circle (SABC)<br />

Next event: 18 November 2010, Zürich<br />

More information and registration: www.sabc.ch<br />

FOUNDING MEMBERS:<br />

Director Ralf J. Bopp,<br />

Chamber D-CH<br />

With its<br />

ever-growing<br />

middle-class<br />

it is a big market<br />

for consumer<br />

goods.<br />

long and to cost twice<br />

as much”, Taus says.<br />

Africa<br />

“Thorough preparation is<br />

crucial before entering an<br />

African market”, says Thomas<br />

Seghezzi, Managing<br />

Director of the <strong>Swiss</strong>-African<br />

Business Circle (SABC)<br />

and Managing Partner of<br />

Rainbow unlimited. “Africa<br />

consists of 53 countries,<br />

and that means 53 markets,<br />

each one working differently.”<br />

But it also means 53 prospective markets<br />

for your product.<br />

At the moment only a meagre 1.9%<br />

of Switzerland’s exports go to Africa.<br />

Thanks to the World Cup, South Africa<br />

has experienced a<br />

slight boom, but there<br />

are many less traditional<br />

markets that deserve<br />

a closer look as<br />

well.<br />

“With 150 million<br />

people Nigeria is the<br />

biggest market”, says<br />

Director Gabriel Taus,<br />

JCC<br />

Seghezzi. “And with its<br />

ever-growing middle-<br />

Doing business in Africa? Interested in exclusive networking opportunities, in sharing<br />

experience and fostering partnerships with other <strong>Swiss</strong>- and Africa-based companies<br />

and investors active on the continent?<br />

Castel Group<br />

class it is a big market for consumer goods.”<br />

One thing applies to the whole continent:<br />

There is huge potential because demand<br />

is greater than supply.<br />

“You can pretty much do anything<br />

there”, Seghezzi says. “And as far as resources<br />

go, Africa has everything that will<br />

be sought after in coming years.”<br />

In 2050 two billion people will live in<br />

Africa; that is, two billion consumers.<br />

True, Africa does not have the best image,<br />

but only success stories can gradually<br />

change that stereotype. Travel there<br />

(the chambers can set up trips for you),<br />

get your own idea of and feel for the continent,<br />

and identify the market most suit-<br />

SWISS–AFRICAN<br />

BUSINESS CIRCLE<br />

Gateway to sub-Saharan Africa


<strong>Swiss</strong> <strong>Trade</strong> November 2010 11<br />

able for what you have to offer.<br />

Germany<br />

2009 was one of the most difficult years for<br />

business transactions between Switzerland<br />

and Germany in the post-war period.<br />

“It reached its dramatic peak in the second<br />

quarter, with a 25% drop in trade volume”,<br />

explains Ralf J. Bopp, director of the Chamber<br />

of Commerce Germany-Switzerland.<br />

Even in 2010, the numbers are not back<br />

up to their former level, partly due to the<br />

mutual integration of the countries. Both<br />

operate in the same sectors – such as electronics,<br />

the chemical- and pharmaceuticalindustries,<br />

machinery and textiles – and the<br />

same world-markets and branches.<br />

Outsourcing projects, of course,<br />

turned out to be an advantage for both<br />

sides, but the close interaction and similar<br />

economic structure of the states has not<br />

helped to stabilize or re-inflate the market.<br />

Ralf J. Bopp is confident that the already<br />

strengthened dynamics of the global market<br />

will definitely bring about positive growth rates<br />

for business transactions. For 2010 the chamber<br />

forecasts expect a 6–7% growth in trade<br />

volume between Germany and Switzerland.<br />

“Make no mistake, even with this slump<br />

in trading, with almost 20% of all exports<br />

Germany is still by far Switzerland’s most<br />

important trading partner.”<br />

The personal network is and will<br />

be key for your success in Asia!<br />

Our heritage and family tradition bears more than 100 years<br />

experience of industrial activity in Europe and Asia. The network<br />

we can present to our clients is a result of our roots. Today, our<br />

clients can benefit from our network and can make substantial<br />

improvements in their market entry and expansion into Asia.<br />

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Phone +41 (0) 44 383 67 10 Fax +41 (0) 44 383 67 20<br />

www.kriesemer.com


12 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

Tools for capturing new markets<br />

Establishing a presence in a new market is a complex procedure. Roger J.M.<br />

Hutter, board member of the <strong>Swiss</strong>-Czech Chamber of Commerce (HST) and<br />

Managing Director of <strong>Swiss</strong>CEE Agency, encourages us to regard working with<br />

or in other countries as an opportunity, rather than a risk.<br />

Consultancies<br />

Written by Ivonne Büttner<br />

What challenges does a firm face<br />

when thinking about market expansion?<br />

It is not something to decide half-heartedly,<br />

everyone has to be committed. Cultural<br />

differences often turn out to be the biggest<br />

hurdle. If the intercultural aspects aren’t<br />

managed properly the SME is bound to<br />

fail within the next two–three years. The<br />

best example are the <strong>Swiss</strong>-German relations.<br />

We are neighbours, speak the same<br />

language, have a similar mentality – but<br />

of all the expansions the ones to Germany<br />

are most likely to fail.<br />

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What can private consultancies do to help?<br />

The first step is to identify the most suitable<br />

market, the country most compatible<br />

with the product and the resources<br />

of the SME. A consultancy<br />

then accompanies the project from<br />

A to Z; applying for subsidies, recommending<br />

trustworthy partners<br />

for tax and legal matters, everything<br />

concerning outsourcing or<br />

off-shoring, recruitment or temporary<br />

management. As soon as the<br />

project has outgrown the fledgling stages<br />

– usually after nine to twelve months – the<br />

work of the business developer is done.<br />

Roger J.M. Hutter<br />

Outsourcing or off-shoring?<br />

The <strong>Swiss</strong> are stereotypically cautious.<br />

An SME with little international ex-<br />

perience probably starts out with outsourcing<br />

to a neighbouring market like<br />

Germany. After a while they consider a<br />

market where profits are higher – in eastern<br />

Europe, for example. After being successful<br />

in a market for a couple of years,<br />

the time for off-shoring has come. They<br />

establish a local branch, open up offices,<br />

recruit personnel, buy machines<br />

and so on.<br />

How do consultancies and the<br />

chambers cooperate?<br />

A reputable consultancy has to<br />

have a close working relationship<br />

with the chambers. Normally,<br />

the chambers are the first<br />

source of information. They<br />

have the contacts and the established<br />

network, and basically hold together the<br />

<strong>Swiss</strong> communities abroad. Consultancies<br />

step in when matters get operational.<br />

They are your partners on location, coordinating<br />

all the steps necessary to export<br />

goods successfully.<br />

O R D E M E P R O G


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14 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

From the Alps to the Himalayas:<br />

Cleantech exports<br />

Will Switzerland become synonymous with environmental technologies, just as it is with<br />

quality, chocolate, precision mechanics, cheese and watches?<br />

“It is well positioned to do so”, says Barbara Möckli-Schneider, Secretary General and<br />

Member of the Executive Board of the <strong>Swiss</strong>-Asian Chamber of Commerce, Managing<br />

Director of <strong>Swiss</strong>Cham and Secretary General of the <strong>Swiss</strong>Cham Southern Africa.<br />

Cleantech<br />

Written by Cyril Demaria<br />

“Switzerland consistently ranks as<br />

one of the world’s most energy-efficient<br />

economies thanks largely to advances in<br />

renewable energy, green buildings, waste<br />

management and sustainable transportation”,<br />

reminds Möckli-Schneider.<br />

“Switzerland is doing well but our international<br />

competitors are doing better”,<br />

says the minister for environment Doris<br />

Leuthard. “We need to adapt our way of<br />

life and look towards sustainability.”<br />

Leuthard announced a “cleantech masterplan”<br />

in October, jointly with the outgoing<br />

minister for environment Moritz<br />

Leuenberger, with the aim to reduce the<br />

use of resources to environmentally sustainable<br />

levels. The plan envisages Switzerland<br />

becoming top in<br />

clean technology research<br />

and production within<br />

ten years. This<br />

includes renewable<br />

energy, information<br />

technology<br />

and eco-friendly<br />

transport.<br />

The swisscleantechassociation’s<br />

new<br />

cleantech strategy<br />

switzerland sets up<br />

binding climate targets<br />

and conditions for<br />

the economy. These<br />

are concrete measures<br />

to demonstrate, how<br />

Switzerland can profit<br />

from the fast growing<br />

global cleantech market<br />

and profile itself<br />

as a leading cleantech<br />

nation.<br />

Barbara Möckli-<br />

Schneider<br />

“Ambitious and future-oriented visions<br />

are important”, says Nick Beglinger, Chairman<br />

of swisscleantech, and mentions the<br />

NEAT break-through deep in the Gotthard<br />

massive as an example. “The tracks for the<br />

future have to be laid today!”<br />

Asia on the rise<br />

Performing well at home, however, might<br />

not prove to be sufficient by itself. Global<br />

warming is affecting the <strong>Swiss</strong> glaciers<br />

and the polar ice caps even if both<br />

regions emit very low levels<br />

of carbon dioxide.<br />

“In that respect,<br />

Switzerland’s hightech<br />

solutions in the<br />

fields of biotechnology,<br />

microtechnology<br />

and nanotechnology<br />

are an ideal<br />

complement to<br />

our country’s traditional<br />

strengths in the<br />

fields of precision, mechanical<br />

and electrical<br />

engineering”, explains<br />

Ms. Möckli-Schneider.<br />

And just as Switzerland is a major<br />

Switzerland consistently<br />

ranks as one<br />

of the world’s most energy-<br />

efficient economies.<br />

exporter of the latter technologies, it is becoming<br />

a leading exporter of the former<br />

ones, which could help to save the Himalayan<br />

glaciers too. Unexpectedly, the swift<br />

and relatively sudden rise of Asia is clearly<br />

evident.<br />

“There will be great opportunities and<br />

immense growth in India, China, South<br />

Korea, Thailand, Malaysia, the Philippines,<br />

Indonesia and Vietnam”, states Ms.<br />

Möckli-Schneider.<br />

Switzerland has developed an expertise<br />

based on a home market for cleantech estimated<br />

at USD 30 billion in 2009. It is<br />

expected that by 2020, cleantech will represent<br />

5.5 to 6% of the economic activities<br />

worldwide.<br />

So far, it is estimated that cleantech<br />

employs 160,000 people in Switzerland –<br />

that is to say 4.5 percent of the total workforce.<br />

“Switzerland has<br />

seen notable successes<br />

in the global cleantech<br />

arena through multinationalmanufacturing<br />

giants such as ABB<br />

and Oerlikon Solar.<br />

Other standout com-<br />

panies include Geberit,<br />

Schulthess Group,<br />

Ernst Schweizer, Mey-<br />

Nick Beglinger<br />

er Burger, Hoval Herzog, Landis+Gyr,<br />

TRITEC International and Renggli”, says<br />

Ms. Möckli-Schneider.<br />

To provide a framework for these developments<br />

in Asia, and to protect intellectual<br />

property rights, the <strong>Swiss</strong>-Asian<br />

Chamber of Commerce has signed various<br />

agreements with local Chambers of Commerce<br />

in all the ASEAN countries, South<br />

Korea and Pakistan.<br />

“This is also strong support for <strong>Swiss</strong><br />

SMEs”, explains Ms. Möckli-Schneider.<br />

“Sustainable technologies can only be developed<br />

and brought to market when suitable<br />

general conditions are in place.”


<strong>Swiss</strong> <strong>Trade</strong> November 2010 15<br />

“Rogerise” your export business<br />

For the <strong>Swiss</strong> the best<br />

chocolate in the world obviously<br />

comes from Switzerland. For the Japanese<br />

however, the world’s best chocolate is Belgian or French.<br />

We <strong>Swiss</strong> take it for granted that <strong>Swiss</strong> products are seen as<br />

superior to other products. Welcome to the globalised<br />

world, where the reality is often different.<br />

<strong>Swiss</strong> branding<br />

Written by Alessio Giacomel<br />

Believe it or not, <strong>Swiss</strong> national hero<br />

Roger Federer, the best tennis player of<br />

all time, is Switzerland’s most important<br />

brand! The unbeatable combination of<br />

classic <strong>Swiss</strong> virtues with the power and<br />

dynamism of Federer provide the best example<br />

of branding to successfully promote<br />

your small- and medium sized company in<br />

the global marketplace.<br />

When Roger Federer was leaving the ultramodern<br />

tennis stadium at final of the<br />

Shanghai Masters in October 2010, he<br />

could see heavy traffic through his car window.<br />

When not thinking of Andy Murray,<br />

Federer could glimpse affluent Chinese men<br />

driving their Mercedes Benz limousines,<br />

wearing Rolex watches on their wrists, and<br />

probably using Gillette razorblades to shave<br />

in the morning – just some of the global<br />

companies capitalising on brand Federer,<br />

the man’s appearance and image. In 2010,<br />

Shanghai is a typical Roger Federer market.<br />

The <strong>Swiss</strong> brand benefits from a distinctive<br />

reputation on a worldwide level.<br />

Products and services with the ‘<strong>Swiss</strong><br />

Made’ label are associated with reliability<br />

and high value. Unlike Europe,<br />

where neighbouring countries constantly<br />

evaluate the <strong>Swiss</strong> brand (sometimes<br />

politically), from an Asian perspective the<br />

<strong>Swiss</strong> brand is almost free from political<br />

associations. The <strong>Swiss</strong> brand and the label<br />

‘Made in Switzerland’ are regarded in<br />

highly positive terms in China and Japan.<br />

However, <strong>Swiss</strong> brand perception is relatively<br />

weak in terms of innovation.<br />

The formula for success lies in the proper<br />

application of Roger Federer’s virtues,<br />

the key to success in a global marketplace<br />

for <strong>Swiss</strong> SMEs. Roger Federer combines<br />

the best qualities, such as self-confidence,<br />

open-mindedness, dynamism, freshness,<br />

eloquence and style. Hence, the young<br />

tennis star is a great inspiration for all<br />

exporting <strong>Swiss</strong> companies, perfectly<br />

complementing the distinctive <strong>Swiss</strong><br />

traits of quality<br />

and precision.<br />

<strong>Swiss</strong> companies<br />

can “rogerise”<br />

their export<br />

business by acting<br />

in a more<br />

self-confident,<br />

youthful and<br />

dynamic manner,<br />

positively<br />

enhancing the<br />

already strong<br />

<strong>Swiss</strong> quality<br />

brand.<br />

Alessio Giacomel holds a PhD in Business Administration.<br />

He is the author of “Successful luxury marketing<br />

in Asia”, works for a <strong>Swiss</strong> watch company in<br />

Tokyo and started his career with a scholarship from<br />

the <strong>Swiss</strong>-Japanese Chamber of Commerce.


16 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

Connecting people<br />

– Getting your message across<br />

In a globalised world, the keys to success are<br />

knowing what is going on in your target markets,<br />

getting your message across and understanding<br />

what your business contacts and clients are saying.<br />

Information<br />

Written by Martina Gyger<br />

New technologies have revolutionized<br />

communication and<br />

information fl ows. swissinfo.ch,<br />

an internet news and information<br />

platform in nine languages, provides<br />

timely reports about Switzerland<br />

with text, photos, video<br />

and audio slideshows.<br />

“We are the only <strong>Swiss</strong> news<br />

portal aimed at explaining the<br />

context of <strong>Swiss</strong> news to an international<br />

audience”, says Editor-inchief<br />

Christophe Giovannini.<br />

Relevant topics for global business<br />

partners include <strong>Swiss</strong>-EU<br />

relations, export promotion,<br />

double taxation<br />

agreements, taxes<br />

and levies, government<br />

spending, and Switzerland<br />

as a business location.<br />

This also makes<br />

swissinfo.ch a valuable<br />

source of information<br />

Editor-in-chief Christo- for the chambers of<br />

phe Giovannini commerce.<br />

“We have very good relationships with the<br />

chambers in our markets, and we are members<br />

of many of them”, Giovannini points<br />

out. swissinfo has a strong social media<br />

presence on platforms<br />

such as Facebook or<br />

Youtube as well.<br />

CEO Doris Albisser,<br />

CLS Communication<br />

Overcoming clichés<br />

“Globalisation is a<br />

fact, but most markets<br />

remain local. Knowing<br />

your customers,<br />

shareholders and staff<br />

members in a remote<br />

location means communicating in their own<br />

language”, says Doris Albisser, CEO of CLS<br />

The swissinfo.ch website.<br />

Communication, an international language<br />

and technology service provider. As a fastgrowing,<br />

internationally orientated company,<br />

it cooperates with several chambers of<br />

commerce, such as the <strong>Swiss</strong>-American, the<br />

<strong>Swiss</strong>-Chinese, or the British-<strong>Swiss</strong> Chambers<br />

of Commerce.<br />

“Translation is still our core business, but<br />

we are adding a wide range of services such<br />

as content analysis, writing<br />

and editorial services”, Doris<br />

Albisser explains.<br />

One of the new tools offered<br />

by innovative technologies<br />

are online dictionaries.<br />

Companies can draw on databases<br />

of specialist terms in<br />

several languages, or have customized corporate<br />

dictionaries. One of their newer services<br />

offers online reputational analyses. By<br />

investigating independent statements available<br />

in the digital media they can provide<br />

helpful information to companies with a global<br />

presence by supplementing traditional<br />

surveys. For example, a recent CLS analysis<br />

of 23,000 statements about Switzerland by<br />

Facebook users around the world revealed<br />

that the country is widely referred to using<br />

We provide<br />

an accurate<br />

picture of Switzerland<br />

beyond the<br />

usual clichés.<br />

Journalist Ting Song from swissinfo.ch<br />

making an interview.<br />

clichés related to food, holidays or products<br />

such as chocolate, cheese, and watches.<br />

Overcoming this perception is one of<br />

swissinfo.ch’s most important roles, according<br />

to Christophe Giovanni.<br />

“We provide an accurate<br />

picture of Switzerland beyond<br />

the usual clichés”, he<br />

says. “Just one example: outsiders<br />

might think the <strong>Swiss</strong><br />

economy is just made up of<br />

banks, Nestlé, Novartis and<br />

Swatch. But the fact is that<br />

small and medium-sized enterprises account<br />

for 99.7% of the 307,000 companies<br />

in the <strong>Swiss</strong> private sector and provide jobs<br />

for 66.8% of the workforce. And 87.9% of<br />

SMEs have fewer than ten employees.”<br />

“Internationalisation and globalisation<br />

have created great opportunities for small-<br />

and medium-sized enterprises, and Switzerland<br />

has an excellent opportunity to play a<br />

major role in a globalised world”, Doris Albisser<br />

adds.


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18 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

Women in International Business<br />

Gender equality is an integral part of today’s political agenda. In the harsh reality of day-to-day business, efforts<br />

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companies with more women in top management positions have better results.<br />

On the plus side<br />

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Written by Ivonne Büttner<br />

“Switzerland is one of the world’s<br />

most important importing and exporting<br />

countries, but women are scarce in teamleading<br />

positions in logistics, import and<br />

export”, says Claudia Feusi, managing director<br />

of the School of International Business<br />

in Zurich and organiser of the first<br />

all-female foreign trade congress.<br />

“If something like a ‘traditional’ field of<br />

work for women exists, it would be the<br />

operative processes.”<br />

The question remains, why are there<br />

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<strong>Swiss</strong> <strong>Trade</strong> November 2010 19<br />

Michaela Merz Alessandra Modenese<br />

Kauffmann<br />

Gap report 2010, the average number of<br />

women holding a CEO-level position is a<br />

little less than 5 %.<br />

“I don’t think that demands on women<br />

differ much from the ones on men,<br />

but women still need to prove themselves<br />

more, especially in technical professions.<br />

They need to show more commitment and<br />

more dedication to get accepted for their<br />

professional competence”, elaborates<br />

Claudia Feusi. Women striving for a career<br />

at the international level have a lot of<br />

opportunities, but they need to stand up<br />

for themselves.<br />

“Women usually demand<br />

too little from their<br />

superiors in terms of salary<br />

increases, career opportunities,<br />

or further<br />

education and development”,<br />

says Michaela<br />

Merz, Tax & Legal Services,<br />

Partner at PwC<br />

Switzerland. The outcome<br />

of the <strong>Swiss</strong> earnings<br />

structure survey<br />

proves that. Women still earn about 19%<br />

less than men in similar positions.<br />

Claudia Feusi<br />

Courage and culture<br />

Working in an international business environment<br />

can prove to be a problem for women<br />

in one specific field: Culture. Encounters<br />

between western businesswomen and businessmen<br />

from countries where females are<br />

not seen as equals and are not usually part<br />

of the working world, can be challenging for<br />

both sides.<br />

“On the plus side women look at things<br />

in a multitasking way”, says Alessandra<br />

Modenese Kauffmann, Secretary General<br />

and General Director of the <strong>Swiss</strong> Chamber<br />

of Commerce in Italy and Head of<br />

<strong>Swiss</strong> Business Hub Italy. “We are more<br />

intuitive, and this helps us to make fast decisions<br />

with little data available. We are<br />

flexible thanks to our systemic approach<br />

to challenges, resulting from our millenarian<br />

multilevel activity that has forced us to<br />

learn how to tackle many challenges and<br />

tasks simultaneously.”<br />

“All too often, male superiors do not<br />

make use of these feminine characteristics<br />

to their advantage and therefore do not support<br />

and develop their female staff’s talent<br />

properly”, Merz points out. “However, demographic<br />

developments will support the<br />

younger generation of women in Europe<br />

achieving better careers than their mothers.”<br />

For Modenese Kauffmann there is one essential<br />

quality that will lead you to success:<br />

courage.<br />

”The courage to endure and resist, and<br />

to fight with passion for what you believe<br />

in body and soul. Man or woman, it is the<br />

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20 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

A word from...<br />

Daniel Küng,<br />

CEO of Osec<br />

Osec is currently<br />

developing socalled<br />

export<br />

platforms. What<br />

does this mean?<br />

Osec is developing<br />

export platforms<br />

on a state mandate, as part of broader<br />

stabilisation measures to support<br />

the export industries. The platforms<br />

function as associations, to a large extent<br />

independent from Osec, and they<br />

complement existing organisations.<br />

The idea is to help certain promising<br />

branches access export markets with<br />

great potential. The supply of <strong>Swiss</strong><br />

goods becomes more concentrated,<br />

foreign demand is clearly identified,<br />

and the two are brought together efficiently<br />

through the platform.<br />

What are the existing export<br />

platforms?<br />

There are currently three export platforms:<br />

Cleantech, Medtech and the Ingenious<br />

for architecture, engineering<br />

and design. They are led by Uwe Krüger,<br />

Erwin Locher and Nelly Wenger.<br />

What advantages are there?<br />

Primarily, <strong>Swiss</strong> SMEs profit from the<br />

export platforms, which foster networking<br />

between companies and information<br />

exchange between <strong>Swiss</strong><br />

and foreign players. Under the common<br />

umbrella brand the platform ensures<br />

that the SME and its innovative<br />

and high quality products are better<br />

perceived in target markets.<br />

Apropos target markets: which<br />

areas are covered?<br />

In principle the platforms try to help<br />

SMEs with requests regarding all markets.<br />

But to be able to produce a specific<br />

effect, they have to focus on the markets<br />

where there is most trade potential<br />

for <strong>Swiss</strong> companies. In the Cleantech<br />

branch this means mainly the USA,<br />

Canada, India, UK and Poland. For the<br />

“Ingenious” there are greater opportunities<br />

in Germany, France and Singapore.<br />

The Medtech platform covers the<br />

USA, China, Japan, France, Germany<br />

and the Netherlands.<br />

City breaks and business<br />

travel on the rise<br />

Jürg Schmid, Director of Switzerland Tourism, comments on the<br />

growth potential of tourism and the meaning of luxury travel.<br />

Tourism<br />

Written by Martina Gyger<br />

Tourism is Switzerland’s third biggest<br />

export industry. During the recent<br />

international economic downturn, <strong>Swiss</strong><br />

tourism has proven to be resistant to the<br />

crisis. However, it is not independent of<br />

economic developments.<br />

“We will probably notice the effects of<br />

unfavourable currency rates, especially<br />

the weak Euro, from this fall onwards”,<br />

Jürg Schmid says.<br />

This summer, the <strong>Swiss</strong> Federal Council<br />

launched a tourism growth strategy with<br />

the objective of better utilizing the potential<br />

of this business sector.<br />

“It requires sufficient funding, otherwise<br />

it will remain a mere intention<br />

that cannot be translated into a sustainable<br />

strategy”, Jürg Schmid states. Last<br />

year, as part of the government’s stimulus<br />

programme, Switzerland Tourism received<br />

CHF 12 million in funding, plus<br />

CHF 3 million from regions and partners,<br />

which were invested in additional marketing<br />

activities in Switzerland, France, Germany<br />

and Italy.<br />

“Those measures, which focused on<br />

promoting value-added offers, generated<br />

sales of approximately 378 million <strong>Swiss</strong><br />

francs and 1.35 million additional overnights”,<br />

Jürg Schmid explains.<br />

According to Mr. Schmid, there is great<br />

potential for growth in city tourism, as<br />

people tend to travel more frequently but<br />

Places of<br />

international<br />

attraction<br />

such as St. Moritz<br />

are well-<br />

positioned, but<br />

Switzerland is<br />

not limited to<br />

such brands.<br />

Jürg Schmid, Director<br />

of Switzerland<br />

Tourism<br />

make shorter trips. Business travel has<br />

started to recover. One of the main campaigns<br />

is centred around convention tourism,<br />

he says.<br />

“We put a lot of effort into researching,<br />

evaluating and advising potential clients<br />

who would hold meetings in Switzerland.”<br />

Even an alpine hut can be luxurious<br />

The cooperation with the chambers is excellent,<br />

Schmid says.<br />

“<strong>Swiss</strong> tourism is a typical shop window<br />

product – highly attractive and authentic.<br />

It is exactly this image of Switzerland that<br />

the <strong>Swiss</strong> chambers of commerce can use<br />

when representing their interests with the<br />

decision-makers abroad”, Jürg Schmid<br />

says.<br />

Many people abroad equate travelling<br />

to Switzerland with luxury.<br />

“Places of international attraction such<br />

as St. Moritz are well-positioned, but Switzerland<br />

is not limited to such brands”, he<br />

says.<br />

Both low budget accommodation and<br />

premium hotels in Switzerland offer top<br />

quality and good value for money. Mr.<br />

Schmid sees room for improvement in<br />

the rural and alpine mid-range options in<br />

terms of quality and service.<br />

“Personally, having time for myself is a<br />

real luxury – to relax, to enjoy the beauty<br />

of the <strong>Swiss</strong> landscape”, he says. For this<br />

reason, he recommends: “Spend your winter<br />

holidays in Switzerland. It’s the best<br />

place for authentic travelling and outdoor<br />

experiences.”


<strong>Swiss</strong> <strong>Trade</strong> November 2010 21<br />

No wine tasting on the web<br />

While new technologies are increasingly being used as marketing tools,<br />

personal meetings remain a necessary part of doing business. Chambers<br />

of Commerce can help to provide suitable platforms.<br />

Marketing<br />

Written by Martina Gyger<br />

Small and medium-sized enterprises<br />

are making greater use of their websites as<br />

a main marketing tool, and increasingly focus<br />

developing direct e-marketing. In the<br />

wake of the financial crisis and the resulting<br />

budget cuts, the number of exhibition<br />

stands at trade fairs has fallen sharply. This<br />

is also evident in a recent study about import<br />

and export trends in Europe commissioned<br />

by the European business directory<br />

EUROPAGES.<br />

What chambers can do for SMEs…<br />

Chambers of commerce provide companies<br />

with affordable opportunities to promote<br />

their businesses:<br />

“We take part in a number of fairs, setting<br />

up pavilions that allow <strong>Swiss</strong> SMEs<br />

to display their products using our space<br />

and infrastructure, as well as the servic-<br />

Companies ask us<br />

for support in finding<br />

the right contacts when<br />

setting up meetings.<br />

SCHOOL FOR INTERNATIONAL BUSINESS<br />

YOUR ADVISOR IN EXPORT QUESTIONS<br />

es of experienced, multilingual staff. One<br />

advantage (apart from costs being shared)<br />

is the opportunity to present ‘<strong>Swiss</strong>ness’,<br />

an important concept in Brazil”, says<br />

Stephan Buser, Executive Director of the<br />

<strong>Swiss</strong>-Brazilian Chamber of Commerce<br />

(SWISSCAM).<br />

…and for larger companies<br />

“For big corporations – as they usually<br />

don’t need us for promotion purposes –<br />

we organize events and seminars, which<br />

they support. Instead of the company,<br />

the focus is a topic of interest which<br />

they would like to raise awareness of,<br />

such as property rights”, Stephan Buser<br />

adds.<br />

This is also the concept of the “Swedish-<strong>Swiss</strong><br />

Business Forum”, an annual<br />

event organized by the Swedish-<strong>Swiss</strong><br />

Chamber of Commerce (SSCC).<br />

“The Forum is a chamber event,<br />

where big corporations are the sponsors.<br />

We choose a topic of general interest<br />

to our members, and arrange and<br />

market the event. A mix of members and<br />

representatives from different branches<br />

and businesses thus<br />

have the opportunity<br />

to get together”,<br />

Managing Director<br />

Johan Mannerberg<br />

explains.<br />

Hans Ulrich Märki,<br />

the Chairman of the<br />

Executive Director<br />

Stephan Buser,<br />

SWISSCAM.<br />

Managing Director<br />

Johan Mannerberg,<br />

SSCC<br />

Board, highlights another<br />

advantage:<br />

“Companies ask us<br />

for support in finding<br />

the right contacts<br />

when setting up meetings,<br />

something we as<br />

a chamber gladly assist<br />

with.”<br />

As with any organisation,<br />

SSCC uses all<br />

kinds of media.<br />

“We have an interactive<br />

website and<br />

use social media like<br />

LinkedIn to market<br />

our activities”, Mannerberg<br />

says.<br />

“Not to forget<br />

printed media, such<br />

as yearbooks and invitation<br />

letters, in order<br />

to reach members<br />

who do not use the<br />

web”, Hans Ulrich<br />

Märki adds. Both are<br />

convinced that even<br />

in the age of online<br />

and e-marketing, social media<br />

and blogging, face-to-face-meetings<br />

are still indispensable. As<br />

Hans-Ulrich Märki points out:<br />

“It is difficult to taste a wine<br />

through the internet.”<br />

Chairman of<br />

the Board<br />

Hans Ulrich<br />

Märki, SSCC<br />

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22 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

A word from...<br />

Beat Moser,<br />

Director General, SGCI Chemie Pharma Schweiz<br />

Almost 40% of the total value of all <strong>Swiss</strong><br />

exports is generated by the pharmaceutical<br />

and chemical industry. What are the biggest<br />

challenges facing it today?<br />

European societies tend to focus on risk, underestimating<br />

the potential future benefits of<br />

new technologies. The lack of talented staff is<br />

another important factor in this.<br />

What does it take to maintain the industry’s innovative performance?<br />

The international competitiveness of the <strong>Swiss</strong> chemical and pharmaceutical<br />

industry is determined by its capability to keep generating<br />

innovative products. Companies need a firm commitment to the<br />

latest technological developments that translates into a real culture<br />

of innovation.Since companies pay their R&D investments out of<br />

revenues from existing products, our industry needs excellent access<br />

to world-wide markets combined with strong protection of<br />

intellectual property rights.<br />

What do you expect from politics?<br />

A regulatory framework that is favorable to our innovation activities.<br />

This includes: help with overcoming the business culture’s<br />

zero risk mentality, financial funds for public research, a precondition<br />

for educating people, energy and environmental costs comparable<br />

with those of other countries, quick market authorization<br />

of products and market access guaranteed by WTO agreements<br />

or FTAs. We would like to see further FTAs, especially with China<br />

and other BRIC countries.<br />

How does SGCI Chemie Pharma Schweiz co-operate with the<br />

chambers of foreign trade?<br />

Our members appreciate the experience, networking opportunities<br />

and support in market access they can draw on from different<br />

chambers and their representatives all over the world.<br />

<strong>Swiss</strong> business sc<br />

<strong>Swiss</strong> graduate<br />

institutions and<br />

business schools<br />

offer superior<br />

networking and<br />

employment<br />

opportunities to<br />

students because<br />

of the vast amount<br />

of international<br />

companies based in<br />

Switzerland.<br />

<strong>Swiss</strong>-Asian Chamber of Commerce – your partner in<br />

doing business in the ASEAN region, Korea and Pakistan!<br />

Please contact sacc@sacc.ch or www.sacc.ch<br />

The programs<br />

at<br />

<strong>Swiss</strong> business<br />

schools are traditionally<br />

more<br />

geared towards the<br />

global economy.


<strong>Swiss</strong> <strong>Trade</strong> November 2010 23<br />

hools – hot spot for networking<br />

Education<br />

Written by Martina Gyger<br />

“Geneva is a major hub for multinationals<br />

and the European headquarters of<br />

the United Nations. Students have access<br />

to a network of decision-makers in business<br />

and governmental agencies based here. For<br />

example, they are able to attend lectures at<br />

the United Nations Palace, and the faculty<br />

organizes visits to multinationals, such as<br />

Nestlé and Hewlett Packard, who are based<br />

in the region”, confirms Eric Willumsen,<br />

President of the International University in<br />

Geneva (IUG).<br />

In his opinion,<br />

undergraduate and<br />

graduate programs<br />

in business administration,<br />

international<br />

relations, trade and<br />

media in Switzerland<br />

are unique.<br />

“The programs at<br />

<strong>Swiss</strong> business schools<br />

Eric Willumsen, President<br />

of IUG<br />

are traditionally more geared towards the<br />

global economy than other European countries,<br />

due to the <strong>Swiss</strong> economy’s dependence<br />

on exports.”<br />

Zurich, of course, is another international<br />

hotspot.<br />

“For many people, Zurich represents<br />

the financial capital of the world, and it<br />

has been consecutively ranked among the<br />

top five in the world for quality of life”,<br />

www.ubs.com/sme-international<br />

says Marijana Karanfiloska, registrar and<br />

founder of SBS <strong>Swiss</strong> Business School, a<br />

member of the Belgian-<strong>Swiss</strong> chamber of<br />

commerce.<br />

“It is a truly international<br />

city, the base<br />

of many international<br />

companies, and offers<br />

an excellent professional<br />

platform for<br />

our students to put<br />

what they have learnt<br />

into practice.”<br />

In today’s dynamic<br />

SBS Registrar & founder<br />

Marijana Karanfiloska<br />

marketplace, successful managers must be<br />

innovative and entrepreneurial, combining<br />

a general knowledge of business functions<br />

with specific skills in their area of responsibility.<br />

In addition to traditional educational<br />

programs, many <strong>Swiss</strong> business schools<br />

offer flexible MBA programs for professionals,<br />

where studying can be done while<br />

continuing to pursue a career.<br />

Quo vadis? Where<br />

do we go from here?<br />

“The university benefits from its relationship<br />

with the Chambers of Commerce by<br />

being able to invite its students to attend<br />

some of the activities and conferences organized<br />

by the former”, explains Willumsen,<br />

whose school is a member of several<br />

<strong>Swiss</strong> and bilateral chambers of commerce.<br />

There are also different kinds of cooperation.<br />

“As networking organisations and facilitators,<br />

chambers of commerce with<br />

strong roots in the target country play a<br />

very useful role, particularly by disseminating<br />

information about the dual vocational<br />

education and training model used<br />

in Switzerland”, explains Franz Probst,<br />

Chairman of the <strong>Swiss</strong>-Indian Chamber of<br />

Commerce (SICC). “This is done through<br />

organizing events in the target country,<br />

opening up doors and suggesting that<br />

member companies participate in these efforts.”<br />

<strong>Swiss</strong>mem and the <strong>Swiss</strong> Federal Institute<br />

of Vocational Education and Training<br />

(SFIVET) are the key knowledge partners<br />

in the joint initiative to implement basic elements<br />

of the <strong>Swiss</strong> dual-track Vocational<br />

Education and Training System (VET) in<br />

India, an initiative launched by SICC and<br />

the Indian Federal Office for Professional<br />

Education and Technology (OPET).<br />

University cooperation initiatives can<br />

also be useful for the development of the<br />

Chambers. The Lucerne<br />

University of<br />

Applied Sciences and<br />

Arts launched a “SEC<br />

Quo Vadis” project,<br />

where students studying<br />

for a Master of<br />

Science in Business<br />

Administration are<br />

working out a new<br />

business model and<br />

Chairman Franz<br />

Probst, SICC<br />

networking strategy for the Chamber of<br />

Commerce Switzerland-Central Europe<br />

(SEC). The results should be available<br />

soon!<br />

Helping you<br />

succeed abroad.<br />

Take advantage<br />

of our global skills.<br />

© UBS 2010. All rights reserved.


24 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

No calm after the storm: financial<br />

services and risk management<br />

At times, it is impossible to see the<br />

wood for the trees, as illustrated by<br />

the current state of financial services.<br />

Switzerland is known for its leading<br />

international banks, which have weathered<br />

the crisis with mixed results.<br />

Export finance<br />

Written by Cyril Demaria<br />

“After the immense damage done to<br />

the image of banking globally, the <strong>Swiss</strong><br />

banking sector has emerged strengthened<br />

from the global crisis and has managed to<br />

keep its reputation abroad intact. The sector<br />

is returning to its roots, promoting the traditional<br />

values of <strong>Swiss</strong> banking, which include<br />

an uncompromising focus on clients,<br />

expertise, modesty, and stability”, confirms<br />

Daniel Brunner, Board Member of <strong>Swiss</strong>-<br />

Cham Southern Africa (SCSA), <strong>Swiss</strong>-<br />

Latin American Chamber of Com merce<br />

(Latcam) and Head of Financial Institutions<br />

at Credit Suisse.<br />

However, small and mid-size financial<br />

institutions are also very active, and have<br />

emerged stronger from the crisis.<br />

“From a European perspective, <strong>Swiss</strong><br />

companies are very healthy, and we have


<strong>Swiss</strong> <strong>Trade</strong> November 2010 25<br />

seen a better recovery in Switzerland than<br />

in Europe in general”, states Tim Marschall,<br />

board member of the Danish <strong>Swiss</strong> Chamber<br />

of Commerce (DKSH), Honorary Consul<br />

for Denmark and Managing Director of<br />

Jyske Bank Switzerland.<br />

Nevertheless, small and medium size financial<br />

institutions remain out of export financing.<br />

As a result, credit remains scarce.<br />

This is confirmed by Herbert Wight, Director<br />

of <strong>Swiss</strong> Export Risk Insurance (SERV):<br />

“Almost all SMEs were faced with a<br />

sharp decline in orders. As a result, the revenue<br />

of affected companies slumped and<br />

their liquidity suffered. These liquidity<br />

shortfalls still affect the companies today.”<br />

One of the dominant analyses is developed<br />

by Jacqueline Keefer, board member<br />

of <strong>Swiss</strong>Cham, the <strong>Swiss</strong>-Central European<br />

Chamber of Commerce and Executive Director<br />

at UBS:<br />

“The attitude of banks to providing<br />

credit has not changed.<br />

In fact, small businesses face<br />

more obstacles than before in<br />

reaching credit standards.”<br />

Whether it is due to the tightened<br />

credit policies of the banks<br />

or to the decline in the situation<br />

of SMEs, the access to credit of<br />

SMEs has been suffering.<br />

SMEs are recovering<br />

Figures are showing that SMEs have recovered.<br />

“SMEs account for 89% of credit limits<br />

granted and 91% of credit utilisation. Provided<br />

they do not operate exclusively using<br />

equity, bank loans represent the most important<br />

source of corporate financing for<br />

SMEs. Utilisation of credit by SMEs rose<br />

2.4% year-on-year to CHF 264.5 billion,<br />

General Insurance<br />

Life Insurance<br />

Risk Management<br />

Daniel Brunner,<br />

SCSA, Latcam<br />

We have<br />

seen a<br />

better recovery<br />

in Switzerland<br />

than in Europe<br />

in general.<br />

while credit utilisation by large companies<br />

declined 0.5% to CHF 25.7 billion. Back in<br />

December 2009, the year-on-year growth in<br />

credit utilisation by SMEs was 1.5% and<br />

28.7% in the case of large companies”,<br />

states Mr. Brunner.<br />

The situation remains particularly difficult<br />

for small businesses, with large order<br />

books to finance.<br />

“While the volume of orders<br />

is improving, companies<br />

now lack the funds to finance<br />

production”, says Mr. Wight.<br />

“To accept new orders, many<br />

exporters need loans but their<br />

guarantee and credit limits<br />

are often exhausted. Exporters<br />

need to provide additional<br />

collateral to get the loans or guarantees required,<br />

further straining their liquidity.”<br />

“In severe cases, banks are unable to<br />

increase credit limits or grant new loans,<br />

which would result in business losses. This<br />

is why SERV introduced new products within<br />

the stabilisation program of the <strong>Swiss</strong><br />

Government, providing the SMEs with new<br />

liquidity”, explains Herbert Wight.<br />

Although the credit outlook remains<br />

gloomy, Tim Marschall points out that the<br />

strength of the <strong>Swiss</strong> Franc is a bigger issue<br />

Tim Marschall, DSHK Herbert Wight, SERV Jacqueline Keefer,<br />

<strong>Swiss</strong>Cham, SEC<br />

for exporting companies than tightening of<br />

credit policies. Small and medium size financial<br />

businesses are well positioned to benefit<br />

from the recovery.<br />

“They often react faster to changes than<br />

larger companies”, states Mr. Marschall.<br />

“Financial services are not about tax management<br />

anymore, as the industry is realising<br />

these days. Adjusting the business model<br />

to be based more on professionalism, quality<br />

and real added value to the client is a key<br />

to success.”<br />

“In exporting financial services the ‘<strong>Swiss</strong><br />

label’ has a considerable, although not exactly<br />

quantifiable impact. It is associated<br />

with trust, reliability (seriousness), quality<br />

and stability”, explains Mr. Brunner.<br />

Jaqueline Keefer suggests the best prospects<br />

may lie in emerging markets.<br />

“Such as Asia, which appears to be less<br />

affected by the crisis, and Africa. <strong>Swiss</strong> businesses<br />

have to broaden their horizons”, she<br />

suggests. For Mr. Brunner the most attractive<br />

are APAC, especially China, India and Indonesia,<br />

and Latin America, especially Brazil.<br />

These markets can prove to be tricky, as<br />

they are politically and economically unstable.<br />

More than ever, the combination of<br />

banking and insurance is the key to success<br />

in this tightened environment.<br />

<strong>Trade</strong> credit<br />

Political risk<br />

Surety<br />

Promoting trade flows and<br />

assuring financial stability<br />

Zurich Insurance Company Ltd


26 <strong>Swiss</strong> <strong>Trade</strong> November 2010<br />

A word from...<br />

...Jules Kappeler,<br />

Managing Director Euler<br />

Hermes Switzerland<br />

How would you describe<br />

the impact of<br />

the 2007-2009 crisis,<br />

particularly with regard<br />

to the issue of<br />

solvency?<br />

In terms of business<br />

insolvency, 2009 was<br />

the worst in the last ten years in the<br />

US, UK, France and Finland. It was<br />

the worst of the history of Spain, the<br />

Netherlands, Belgium and Switzerland.<br />

2008 had already seen a 28%<br />

increase in the number of businesses<br />

worldwide which went into insolvency.<br />

2009 further increased the problem<br />

with a 29% increase over the<br />

already high number of 2008.<br />

What is your outlook for the coming<br />

six to twelve months regarding the<br />

health of <strong>Swiss</strong> SMEs focused on<br />

exports?<br />

We expect that businesses will remain<br />

under pressure, keeping business insolvency<br />

at record levels historically<br />

until 2011. The business environment<br />

remains fragile overall. SMEs should<br />

monitor the quality of their business<br />

relationships. Debt collection services<br />

combined with trade credit insurance<br />

can help them, for example, to manage<br />

their exposure to potentially bad<br />

debts.<br />

Focusing on <strong>Swiss</strong> businesses: what<br />

are the sectors the most exposed<br />

to business insolvency, according<br />

to you?<br />

We believe that the risks related to<br />

private consumption contraction, an<br />

increased public debt worldwide and<br />

the projected tax hikes are very important.<br />

For that reason, certain private<br />

expenses will be delayed. The<br />

related industries, such as textile, furniture<br />

and consumer electronics, as<br />

well as machinery and equipment,<br />

will suffer the most.<br />

Euler Hermes is the worldwide leader in credit<br />

insurance and has developed a credit intelligence<br />

network that enables it to analyse<br />

the financial stability of 40 million businesses<br />

across the globe.<br />

Europe remains a driving<br />

force in global trade<br />

Emerging markets<br />

Written by Roger Thomet<br />

Throughout the downturn, we have<br />

witnessed global trade, albeit itself impacted<br />

by economic circumstances, acting<br />

as a driving force behind global economic<br />

recovery. Further testament to the impact<br />

of global trade is the enthusiasm<br />

businesses worldwide hold for trading<br />

internationally and the positive benefits<br />

it can bring; HSBC’s latest <strong>Trade</strong> Confidence<br />

Index found that of the seventeen<br />

markets surveyed globally, all were confident<br />

about trade prospects in the next six<br />

months. A high proportion of businesses<br />

across many countries and continents also<br />

said they expected their need for trade finance<br />

to increase.<br />

A key insight for European businesses<br />

considering future growth hotspots was<br />

that new ‘rising stars’ are appearing on<br />

the world map. While much has been<br />

made of the phenomenal growth<br />

of Brazil, or the economic power<br />

of China, our latest international<br />

market report ‘Mapping<br />

the World’s <strong>Trade</strong> Connections’<br />

found that the brightest prospects<br />

for global trade also included<br />

lesser-known trading<br />

prospects, including Africa –<br />

most notably South Africa – Vietnam<br />

and Eastern Europe. Much attention is<br />

given to the role of emerging markets,<br />

but the report found that Europe retains<br />

a strong role in global trade. This role is<br />

likely to see it defined less as a consumer,<br />

and more of an innovator, with the continent’s<br />

renowned leadership in cuttingedge<br />

research, its strength in high valuing<br />

manufacturing and design and its access<br />

to ideals, innovations and networks leaving<br />

it well placed to trade on skills, not<br />

products, in the future.<br />

The view of many of the experts interviewed<br />

for the report was that while the<br />

emerging markets may boast greater economic<br />

growth, a thinking business needs<br />

to capitalise on the strengths of both<br />

emerging and developed markets, and in<br />

the case of Europe and Switzerland in particular<br />

that means harnessing experience,<br />

knowledge and skills. Certainly, with<br />

trade now focused on establishing a global<br />

supply chain, it is Europe’s expertise and<br />

leadership in research and development<br />

that means it will retain an important<br />

place in this supply chain. In this context<br />

Switzerland positioned in the heart of Europe<br />

and globally well-known<br />

as a leading provider of innovative<br />

products and top-level service<br />

offerings should be seen as<br />

an attractive option for emerging<br />

markets looking to establish<br />

strategic partnerships to further<br />

drive their own growth.<br />

Roger Thomet is Managing Director, Head HSBC<br />

Commercial Banking Switzerland, HSBC Bank PLC,<br />

London, Zurich Branch.


Katarina Lif Burren, KENDRIS private Ltd.:<br />

“It is important to have a partner who<br />

thinks outside the box once in a while.”<br />

In 2005 the leadership of KPMG private, a subsidiary of KPMG Holding,<br />

initiated a management buy-out. Nine founding partners took full control over<br />

the shareholder capital and established KENDRIS private Ltd. Today KENDRIS<br />

is the leading independent and internationally operating <strong>Swiss</strong> fiduciary.<br />

Since its establishment, KENDRIS<br />

has increased its turnover from<br />

CHF 16 million in 2005 to over<br />

CHF 40 million in 2010 and its<br />

number of employees from 75 to<br />

170. For newly appointed CEO<br />

Adrian Escher, two factors are<br />

responsible for this: Quality and<br />

continuity. “When these two factors<br />

are right, growths practically<br />

occurs by itself.”<br />

Of course, quality and continuity<br />

combined exemplify one of<br />

the company’s main values: excellence.<br />

Continuity in development<br />

of services and continuity<br />

in customer care lead to excellent<br />

services from consultants<br />

who make it their goal to strive<br />

for the best, for excellence, supported<br />

by the fact that many of<br />

the employees are also shareholders.<br />

This results in personal re-<br />

Katarina Lif Burren, KENDRIS private Ltd.<br />

sponsibility for the company’s<br />

performance and encourages<br />

innovative action and entrepreneurship.<br />

Fields of work<br />

KENDRIS operates in the classical<br />

structuring business, (trusts,<br />

foundations and companies) combined<br />

with international tax and<br />

legal services, trust and corporate<br />

administration, art management,<br />

family office and accounting, and<br />

outsourcing services to private<br />

and corporate clients. Due to reasons<br />

affecting the company’s independence,<br />

asset management is<br />

intentionally excluded from the<br />

company’s remit.<br />

For companies looking to ex-<br />

i<br />

KENDRIS private Ltd. is the<br />

leading independent <strong>Swiss</strong> provider<br />

of international tax and<br />

legal advice, trust and corporate<br />

administration, art management,<br />

family office as well as accounting<br />

and outsourcing services to<br />

private and corporate clients.<br />

The firm combines a classic<br />

structuring business with tax,<br />

legal and accounting expertise.<br />

KENDRIS clients include high-networth<br />

individuals and families,<br />

entrepreneurs, owner managed<br />

businesses, financial institutions,<br />

law firms, tax consulting companies<br />

and Family Offices.<br />

KENDRIS has its own worldwide<br />

network of experienced experts<br />

and is fully owned by its mana-<br />

pand into Switzerland traditional<br />

<strong>Swiss</strong> fiduciary services are especially<br />

important. These include<br />

Salary Administration, a big challenge<br />

due to the increasing flood<br />

of regulations and laws in the<br />

fields of social welfare benefits,<br />

and tax and employment law;<br />

or flexible accounting solutions,<br />

which can include traditional<br />

methods or use “e-KENDRIS”,<br />

a professional online accounting<br />

service with AbaWebFiduciary.<br />

The customer decides which<br />

program parts and functions he<br />

wants to work with and which<br />

work processes should be taken<br />

over by KENDRIS. The customer<br />

can choose each of the services<br />

individually, but of course<br />

gement and employees. In 2009<br />

a subsidiary in Vienna, Austria<br />

was opened. At the head office<br />

in Zurich and the five branch offices<br />

in Aarau, Basel, Geneva,<br />

Lausanne and Lucerne, the<br />

company employs around 170<br />

qualified specialists.<br />

KENDRIS private Ltd.<br />

Mühlemattstrasse 56<br />

5001 Aarau<br />

Switzerland<br />

Phone: +41 (0)58 450 58 00<br />

Fax: +41 (0)58 450 58 51<br />

www.kendris.com<br />

Advertorial<br />

27<br />

KENDRIS offers a whole relocation<br />

package as well; tailored to<br />

individual needs.<br />

Tradition and internationality<br />

Due to its internationally oriented<br />

services, KENDRIS proves<br />

to be the perfect partner. They<br />

boast years of experiences of<br />

cross-border activities, and their<br />

expert teams have in-depth experience<br />

and specialist knowledge<br />

of countries throughout the<br />

world. “Traditional <strong>Swiss</strong> fiduciary<br />

services combined with an<br />

international outlook is a central<br />

part of what makes KENDRIS<br />

strong and special”, says Katarina<br />

Lif Burren, Partner and Member<br />

of the Executive Committee.<br />

The strong focus on implementation<br />

also does this. The best consultant<br />

is worth nothing if the<br />

implementation of contracts and<br />

administration is not done properly.<br />

The transfer from a good<br />

consultancy process to its highquality<br />

implementation is not<br />

easy, but essential for the overall<br />

outcome. KENDRIS makes it its<br />

goal to accompany the customer<br />

throughout the whole process,<br />

often over a matter of years. As<br />

the world gets more and more<br />

transparent and competitive, and<br />

the regulatory requirements of<br />

the financial markets constantly<br />

change, a good and strong partner<br />

needs to be reliable and has<br />

to identify risks and seize opportunities.<br />

And what does it take?<br />

Continuity, excellence and an<br />

entrepreneurial spirit.


28<br />

Advertorial<br />

New frontiers in sight at the Forum<br />

for <strong>Swiss</strong> Foreign <strong>Trade</strong> 2011<br />

Time to break into new markets: The ninth Forum for <strong>Swiss</strong> Foreign <strong>Trade</strong> will be held<br />

at the Zurich Exhibition Centre on Thursday 7 April 2011 – giving <strong>Swiss</strong> ideas wings.<br />

Osec, which helps small and<br />

medium-sized <strong>Swiss</strong> and Liechtenstein<br />

businesses set up and<br />

develop their foreign trade activities<br />

on behalf of the Confederation,<br />

is organising the <strong>Swiss</strong><br />

Export Day for the ninth time.<br />

Apart from entrepreneurs who<br />

have already successfully con-<br />

Jean-Claude Biver<br />

Kjell Nordström<br />

quered unchartered waters, other<br />

experts will also be passing<br />

on their know-how to exhibitors<br />

from small and medium-sized<br />

businesses, as well as representatives<br />

from the worlds of politics,<br />

economics and administration.<br />

Cumulative know-how<br />

Jean-Claude Biver has led the<br />

<strong>Swiss</strong> watch brand Hublot to<br />

worldwide success with the “Big<br />

Bang” collection. The brand’s<br />

“The Art of Fusion” concept<br />

– the combination of various<br />

materials such as gold and ceramics,<br />

tantalum and red gold or<br />

magnesium and titanium – has<br />

now established itself with the<br />

Hublot luxury products. Biver’s<br />

was a meteoric rise: He entered<br />

the watch industry with Audemars<br />

Piguet in 1967, in 1983<br />

he bought the Blancpain brand,<br />

Peter Kruse<br />

which he transformed into the<br />

epitome of mechanised watches,<br />

and later became a member of<br />

the corporate management at<br />

Swatch. 2004 saw him join the<br />

stricken company Hublot, whose<br />

sales turnover he quadrupled<br />

within just two years. At this<br />

year’s Foreign <strong>Trade</strong> Forum, Biver<br />

will draw on his wealth of<br />

experiences, and explain how he<br />

has conquered markets all over<br />

the world in recent years with<br />

his revolutionary chronographs.<br />

Renowned scientist Kjell<br />

Nordström has been advising international<br />

companies for over<br />

20 years, his books “Funky Business”<br />

and “Karaoke Capitalism”<br />

are considered bibles of<br />

international management, and<br />

he was named the world’s 23rd<br />

most infl uential “business thinker”<br />

on www.thinkers50.com in<br />

2009. At the Forum for Foreign<br />

<strong>Trade</strong>, the forward and lateralthinker<br />

will examine the topic of<br />

exports, and demonstrate how<br />

to be successful with unconventional<br />

methods in corporate<br />

structuring.<br />

In his presentation, Peter<br />

Kruse, Honorary Professor for<br />

General and Organisational Psychology<br />

at the University of Bremen,<br />

will explain the knowledge<br />

the economy can draw from current<br />

psychological research, and<br />

the importance trends have as<br />

signposts. In 2009, “Personalmagazin”<br />

included Kruse on its<br />

list of 40 leading HR experts for<br />

the third time in a row.<br />

Nurturing personal contact<br />

Following the expert presentations,<br />

the panel discussion with<br />

representatives from small &<br />

medium-sized businesses and<br />

the moderator Stephan Klapproth<br />

will see additional practi-<br />

cal topics examined. These will<br />

be dealt with in further detail in<br />

the workshops, and issues experienced<br />

by the companies in their<br />

respective areas can be discussed.<br />

In the afternoon, the Osec Export<br />

Award will for the fourth time be<br />

given to outstanding <strong>Swiss</strong> projects.<br />

The networking aperitif<br />

and subsequent dinner allow the<br />

opportunity to engage in personal<br />

discussions with experts, advisors<br />

and exhibitors from small<br />

& medium-sized businesses.<br />

i<br />

New Territory<br />

– Land of Opportunity<br />

9th Forum for <strong>Swiss</strong><br />

Foreign <strong>Trade</strong><br />

Thursday, 7 April 2011<br />

Zurich Exhibition Centre<br />

(Messe Zürich), Hall 7<br />

Osec members benefit from an<br />

attractive “2 for 1” offer.<br />

For more information and online<br />

registration, visit:<br />

www.awf2011.ch<br />

Business Network Switzerland


SMEs particularly benefit<br />

from export risk insurance<br />

<strong>Swiss</strong> Export Risk Insurance SERV supports <strong>Swiss</strong> exporters in overcoming<br />

liquidity gaps, offers protection against non-payment and provides advice<br />

for business transactions. SMEs in particular benefit from these offers.<br />

Export-oriented SMEs are confronted<br />

with various problems.<br />

For example, SMEs have more<br />

difficulties obtaining loans than<br />

large companies. At present, this<br />

is having a particularly negative<br />

effect as some SMEs are struggling<br />

with a shortfall in liquidity<br />

in the wake of the crisis. <strong>Swiss</strong>Tex<br />

Winterthur AG was one such<br />

company. The manufacturer of<br />

textile machines has about 85 employees<br />

and depends almost en-<br />

tirely on exports. Due to the crisis,<br />

the <strong>Swiss</strong>Tex order books were almost<br />

empty at the start of 2009.<br />

As a result, revenue slumped and<br />

liquidity suffered. To protect the<br />

company, <strong>Swiss</strong>Tex was about<br />

to introduce short-time work or<br />

lay off personnel. At this point,<br />

a Russian company expressed interest<br />

in purchasing a spin draw<br />

winding machine for the production<br />

of technical endless yarns.<br />

However, <strong>Swiss</strong>Tex was lacking<br />

the funds needed to finance the<br />

production of the machine. Its liquidity<br />

was so strained that the<br />

banks were unwilling to grant the<br />

required amount of credit.<br />

SERV enables business<br />

In this difficult situation, SERV<br />

supported <strong>Swiss</strong>Tex with two of<br />

its products: a counter guarantee<br />

and working capital insurance.<br />

Both products protect the<br />

bank granting the loan or guarantee<br />

from non-payment by the<br />

exporter. In this way, they enable<br />

banks to grant new loans or guar-<br />

antees without using up the limits<br />

of the exporter. In the case of<br />

<strong>Swiss</strong>Tex, the bank was also willing<br />

to increase the existing credit<br />

limit thanks to SERV’s working<br />

capital insurance. Thus <strong>Swiss</strong>Tex<br />

had the funds needed to accept<br />

Part of the spin draw winding machine that <strong>Swiss</strong>Tex Winterthur AG exported<br />

to Russia thanks to SERV insurance.<br />

the order from Russia. “This deal<br />

was necessary for our survival”,<br />

explains Rolf Hürlimann, CFO<br />

at <strong>Swiss</strong>Tex. “It would not have<br />

been possible without SERV.”<br />

Secure payments<br />

SERV insurance not only assists<br />

i<br />

<strong>Swiss</strong> Export Risk Insurance SERV<br />

insures the export transactions of<br />

<strong>Swiss</strong> companies against political<br />

and economic risks. As an institution<br />

of the <strong>Swiss</strong> Confederation<br />

under public law, SERV operates<br />

on a subsidiary basis, i.e. in<br />

addition to the offers of private<br />

credit insurers. With its insurance<br />

products, it contributes to the<br />

competitiveness of <strong>Swiss</strong> exporters<br />

in the international arena and<br />

to the creation and preservation<br />

of jobs in Switzerland.<br />

exporters in maintaining their<br />

liquidity; it also provides them<br />

with protection against non-payment.<br />

Exports to politically or<br />

economically unstable countries<br />

involve a substantial risk of nonpayment<br />

for goods and services.<br />

SMEs suffer considerably from<br />

Apart from the export of consumer<br />

and capital goods,<br />

SERV also insures the export of<br />

services such as construction,<br />

maintenance and engineering<br />

projects or licence and knowhow<br />

agreements. There are<br />

no minimum requirements for<br />

SERV insurance with regard to<br />

company size or order volume.<br />

However, the exporter submitting<br />

the application must be based<br />

in Switzerland, and the export<br />

transaction must include a cer-<br />

Advertorial<br />

29<br />

outstanding payments, as they do<br />

not usually have as much financial<br />

leeway as large companies.<br />

“Not receiving our money would<br />

be fatal for us”, says Hürlimann.<br />

Among other things, SERV covers<br />

supplier credits or the production<br />

costs for export goods.<br />

In this way, it gives exporters the<br />

security required for accepting<br />

risky export orders. On the other<br />

hand, it makes it easier for exporters<br />

to assign their claims to<br />

banks. Thus exporters can offer<br />

financing to buyers while receiving<br />

their money immediately: a<br />

win-win solution.<br />

Expert advice<br />

A lack of expertise is another typical<br />

problem for SMEs. They are<br />

often unable to hire specialists<br />

for every area. “Therefore, we<br />

are glad to be able to draw on the<br />

expertise of SERV personnel”,<br />

says Hürlimann. Exporters benefit<br />

from the experience of SERV,<br />

especially in the fields of risk<br />

analysis and export handling. According<br />

to Hürlimann, <strong>Swiss</strong>Tex<br />

would be unable to accept many<br />

orders without the advice and insurance<br />

provided by SERV. He<br />

concludes: “For us as an SME<br />

that does not have the opportunities<br />

of a large company, SERV offers<br />

are particularly important.”<br />

tain proportion of <strong>Swiss</strong> value<br />

added.<br />

SERV <strong>Swiss</strong> Export Risk Insurance<br />

Kirchenweg 8<br />

P.O. Box<br />

CH-8032 Zurich<br />

T +41 44 384 47 33<br />

info@serv-ch.com<br />

www.serv-ch.com


30<br />

Advertorial<br />

On top of the Alps<br />

– the Kempinski Grand Hotel des Bains<br />

The way leads over the <strong>Swiss</strong> Alps. Suddenly the wide valley offers a<br />

great view and the Engadine invites you. You can feel a warm welcome<br />

when your eyes catch the typical corner towers and the sky-blue shatters of<br />

the Kempinski Grand Hotel des Bains.<br />

Step in and your senses get<br />

touched by elegance and lifestyle<br />

– but the other way: sincere,<br />

unstrained and debonaire.<br />

“The Kempinski Grand Hotel<br />

des Bains is a wonderful place<br />

for everybody. The Relaxed and<br />

progressive, it appeals to a new<br />

generation of 5-star guests”, explained<br />

Rupert Simoner, General<br />

Manager.<br />

What are your desires? Start<br />

with beautiful expectations –<br />

breathtaking mountains, glittering<br />

snow, brilliant sunshine and<br />

an air so clear and refreshing<br />

that you couldn’t wish for more.<br />

Scale the mountains – you have<br />

direct access to the slopes of the<br />

Corviglia or the wide<br />

cross country ski trails.<br />

Or dive in the St.<br />

Moritz High Alpine<br />

SPA. Simple, noble, natural<br />

and alpine – treat<br />

yourself to the special<br />

luxury of being cared<br />

the Kempinski Restaurants has<br />

the pleasure to spoil you – expect<br />

the best kitchen<br />

only. Taste the perfect<br />

mix of Switzerland at<br />

its best, Italian lifestyle<br />

and international<br />

world class. You have<br />

the choice between<br />

the Gourmet Restau-<br />

for and regeneration.<br />

rant “Cà d’Oro”, the<br />

Have a glass of water<br />

from the Mauritius<br />

Rupert Simoner,<br />

General Manager.<br />

lifestyle “Enoteca”,<br />

the awarded “Les Sai-<br />

spring – the origin of St. Moritz sons” and amidst the mountains,<br />

– and feel its regenerating effect. the traditional chalet “Chesa<br />

In the morning, for lunch or Chantarella”. That is travelling<br />

dinner – no matter which of in style.<br />

i<br />

The Kempinski Grand Hotel<br />

des Bains is located right at the<br />

source of St. Moritz and only a<br />

few walking minutes from the<br />

famous lake. In 184 rooms &<br />

suites a great service is offered<br />

e.g. 24-hour room & Concierge<br />

service, babysitter service<br />

& special kids menus and bathrooms<br />

with heated floors. You<br />

will be spoiled in four awarded<br />

restaurants, in the High<br />

Alpine Spa with indoor pool<br />

& extensive sauna landscape,<br />

Sport Shop & ski school and<br />

daylight banquet rooms with<br />

full technical equipment<br />

Kempinski Grand Hotel<br />

des Bains<br />

Via Mezdi 27<br />

7500 St. Moritz<br />

Switzerland<br />

T : +41 81 838 38 38<br />

info.stmoritz@kempinski.com<br />

www.kempinski.com/stmoritz


The Dolder Grand – The land-<br />

mark for exalted standards<br />

The Dolder Grand is the perfect environment for people who are looking<br />

for pleasure, exclusivity and relaxation: 173 luxurious rooms and suites,<br />

exquisite cuisine, a spa covering 4,000 square metres and generous<br />

banqueting and seminar facilities. The original “Curhaus” dating from 1899<br />

presents itself anew as the luxury-class City Resort. Its elevated location,<br />

between the pulsating life of the city and a refreshingly natural green zone,<br />

provides a magnifi cent view of the city of Zurich, the lake and the Alps.<br />

Views into a<br />

surprising world<br />

The categories of the 173 rooms<br />

and suites range from single<br />

rooms to deluxe rooms and suites,<br />

variously dimensioned and<br />

appointed. Four top suites aim to<br />

cater for individual extravagance.<br />

Largest of the top suites is the<br />

Maestro, housed in the tower of<br />

the historic Main Building.<br />

«Classic traditions<br />

with a techno beat»<br />

Encompassing 4,000 square<br />

metres, the Dolder Grand Spa<br />

offers a unique range of activities<br />

for your well-being. European<br />

and Japanese infl uences take you<br />

into an inspiring world. Take advantage<br />

of this invitation to look<br />

after your health and wellbeing<br />

and give your body and soul<br />

back what they need most: your<br />

inner balance and peace of mind.<br />

Jewels in the<br />

gastronomic crown<br />

Two restaurants, the Bar and the<br />

Lobby make the Dolder Grand<br />

an oasis for exceptional gourmet<br />

delights. All facilities are open to<br />

hotel guests and the general public<br />

alike.<br />

Events in new dimensions<br />

The Dolder Grand offers facilities<br />

for 12 to 900 guests for seminars,<br />

company events and<br />

conferences, banquets, weddings,<br />

private dinners or other<br />

events in Zurich.<br />

i<br />

The city resort of<br />

Zurich since 1899<br />

The Dolder Resort<br />

Kurhausstrasse 65<br />

8032 Zürich<br />

Switzerland<br />

Phone: +41 44 456 60 00<br />

Fax: +41 44 456 60 01<br />

www.thedolderresort.com<br />

Advertorial<br />

31


Your bank for<br />

International Business<br />

Our commercial network includes over 8,000 experts in over 60 countries<br />

so we can combine unique local insight with truly global vision.<br />

For more information on HSBC Corporate Banking, Switzerland, contact<br />

Roger Thomet, Managing Director<br />

roger.thomet@hsbc.com

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