Swiss Trade - SwissCham
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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 />
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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 />
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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.
Other companies may also know how to do<br />
business in Bangkok, or connect you with the<br />
right people in Hong Kong. But what about<br />
in Vientiane or Koh Kong?<br />
We go where others don’t. That’s how it was over 140<br />
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To find out more about us and the services of our<br />
specialized Business Units Consumer Goods, Healthcare,<br />
Performance Materials, and Technology, visit us at<br />
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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 />
to improve equality often seem fruitless – at least as far as executive positions are concerned. Business<br />
continues to be to a large extent dominated by men. However, according to the concept of “womenomics”,<br />
companies with more women in top management positions have better results.<br />
On the plus side<br />
women look at<br />
things in a multitasking way.<br />
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Womenomics<br />
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 />
IU_90x118_A_Q_swisstrade_mag_IU still so few 28.09.10 women 16:57 in high Page1 powered positions?<br />
According to the Corporate Gender<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 />
same.”<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
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