ZURICH, June 7 (Reuters) - Swiss companies invested $27
billion in the United States between January and April, as
Switzerland moves to fulfil a pledge to sharply increase
investment following a tariff agreement with Washington, NZZ am
Sonntag reported.
The figure was contained in an internal email from the
Swiss-American Chamber of Commerce to its members seen by the
newspaper, it said.
-- Switzerland and the U.S. said on November 14 that Swiss
companies would invest $200 billion in the U.S. over the next
five years. The pledge formed part of a preliminary agreement
under which U.S. President Donald Trump reduced punitive tariffs
on Swiss goods to 15% from 39%, after imposing the higher rate
at the beginning of August.
-- The investors include Novartis which has announced two
U.S. projects, including a biomedical research centre in San
Diego and a cancer-drug production facility in Texas, while
Roche is expanding output in North Carolina. Medical technology
company Ypsomed is building a new factory in the state.
-- Other investments include shipping group MSC's new North
American headquarters in Miami. The newspaper said this also
covers spending on cruise and logistics operations.
-- Industrial companies including machine tool maker Pfiffner
Group and electronics firm Elma are expanding U.S. production
capacity.
-- "We are model students and we fulfil our promises," Swiss
Amcham Chief Executive Rahul Sahgal was quoted as saying.
-- Washington this week announced new tariffs against
countries it says are not doing enough to combat forced labour.
-- The U.S. plans a 12.5% tariff on Swiss goods under that
measure, compared with 10% for EU goods, the newspaper said.