ZURICH (Reuters) -The Swiss government said on Wednesday it will overhaul legislation on export risk insurance to make it more accessible for exporters and reduce red tape, as the country seeks to
Switzerland to Revamp Export Risk Insurance Law Amid Trade Challenges
Overview of Export Risk Insurance Reforms
ZURICH (Reuters) -The Swiss government said on Wednesday it will overhaul legislation on export risk insurance to make it more accessible for exporters and reduce red tape, as the country seeks to weather trade volatility sparked by U.S. tariffs.
Objectives of the Legislative Changes
The planned changes should allow the Swiss Export Risk Insurance agency to introduce new products and better adapt its offerings to exporters' changing needs at a time of persistent economic and political uncertainty, the government said.
Impact on Swiss Exporters
Swiss companies currently face U.S. import tariffs of 39%, far higher than the 15% levied on their European Union rivals.
Comparison with EU Tariffs
(Writing by Dave Graham, editing by John Revill)
