BERLIN, Nov 14 (Reuters) - Swiss gold producers are
interested in setting up shop in the United States in the
future, said a senior Swiss economic affairs official on Friday
at a press conference after a tariff agreement was reached with
Washington.
Gold, which is a large contributor to Switzerland's trade
surplus with the United States, remains exempt from tariffs,
according.
However, gold is not very profitable for Switzerland, with a
"very, very small margin of perhaps 1% or less," said Helene
Budliger Artieda, director of the State Secretariat for Economic
Affairs (SECO).
"But I believe it's important for them. For the U.S., it's
crucial to strengthen its gold market," Budliger added.
The United States will reduce its tariffs on goods from
Switzerland to 15% from a crippling 39% under a new framework
trade agreement that includes a pledge by Swiss companies to
invest $200 billion into the U.S. by the end of 2028, the Swiss
government said on Friday.