What is Switzerlands bilateral trade with India worth?
It’s $3.3 billion, two-thirds of which are Swiss exports to India and the rest imports from India. This country is our second biggest partner in Asia after China. Which products and services constitute a major chunk of your trade with India? All kinds of machinery, precision equipment and pharmaceuticals form a majority of Swiss exports to India. On the other hand, textiles, jewellery and precious stones constitute a large part of Indian exports to Switzerland. With UBS and Credit Suisse facing rough weather, will the tendency now be to attract investment in areas other than financial services? As a whole, the economy is not steered by any supreme authority. It is everything put together. I don’t know if in the end there will be more investment in financial services or outside. As far as the two banks are concerned, I know that they have strategic internal debates about their exposure to the US economy but I can’t comment further. We have got a lot of praise from outside, where banks w
