Published by Global Banking & Finance Review®
Posted on October 29, 2025
1 min readLast updated: January 21, 2026
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Switzerland will revamp its export risk insurance laws to support exporters amid trade challenges and high US tariffs.
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.
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.
Swiss companies currently face U.S. import tariffs of 39%, far higher than the 15% levied on their European Union rivals.
(Writing by Dave Graham, editing by John Revill)
Red tape refers to excessive regulation or rigid conformity to formal rules that can hinder or delay processes, often seen in bureaucratic systems.
Economic uncertainty refers to a situation where there is a lack of predictability in the economy, affecting business decisions and consumer confidence.
The Swiss Export Risk Insurance agency provides insurance coverage to Swiss exporters against risks associated with international trade, helping them manage financial uncertainties.
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