“This is good news for the MEM sector. For the first time, we have equal conditions in the US market like our European competitors,” says Nicola Tettamanti, President of Swissmechanic. Nevertheless, the overall situation remains challenging: “The strong Swiss franc and high production costs persist.” Companies remain under pressure: among other things due to fluctuating demand, high energy costs, and globally strained investment dynamics. Swissmechanic therefore assesses the tariff reduction as an important but insufficient lever.
The standardization also entails significant risks. “The inclusion of sectors that could previously export duty-free poses great challenges – possibly up to production relocations,” warns Erich Sannemann, Director of Swissmechanic.
Swissmechanic anticipates some relief for MEM companies but emphasizes the need for action for the overall economy.