Switzerland and Singapore might be continents apart, but they have more in common than the first letter in their names. “Without natural resources, being small, exportoriented countries, situated in the middle of much larger players, both Switzerland and Singapore had to work hard and be creative in order to attain comparative advantages in some various industries,” noted Ambassador Fabrice Filliez, Switzerland’s newly appointed ambassador to Singapore.
Prior to his appointment, Filliez oversaw multilateral tax issues as the Swiss state secretariat for international financial matters in Bern, Switzerland for nearly five years, and headed the economy and finance department at the Swiss Embassy in London.
Sweet trade relations
Strong trade ties between the two nations can be seen with nearly half of all Swiss exports to Southeast
Asia going to Singapore, and Switzerland placing amongst the top 11 trade partners of Singapore.“a similar picture can be drawn for investments,” said Filliez, citing Switzerland as the seventh largest investor in Singapore after the U.S., the Netherlands, Japan, the U.K., Luxembourg, and Hong Kong. “Over 400 Swiss firms are represented in Singapore, employing more than 25,000 people.”
Filliez described the Swiss business community in Singapore as “diverse and vibrant” and mainly represented by the Swisscham Singapore, which counts over 200 members. Swiss firms and small-sized enterprises seeking opportunities in Singapore can also coordinate through the Swiss Business Hub ASEAN which provides trade services, including organising the Swiss presence at various trade fairs in Singapore.“switzerland is certainly a very interesting destination for businesses with innovative solutions, seeking to expand into Europe,” said Filliez.
His Excellency Ambassador Fabrice Filliez