Swiss Economic Diplomacy

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The Sectoral Foreign Policies Division, was created to support the Federal Council with the definition of specific foreign policy objectives. It guarantees coherent positions in specific policy areas as well as efficient coordination between the Federal Department of Foreign Affairs (FDFA) and the relevant specialist departments in their pursuit of Switzerland’s foreign policy interests. The globalization of the economy and society has changed foreign policy’s importance in relation to domestic policy. These days, there is scarcely any area of domestic policy that is not affected by foreign policy as well. Foreign policy has therefore long ceased to be concerned only with its traditional remit of diplomatic relations between states, but rather has to take a more holistic approach that takes account of all national interests. The Economic and Financial Issues area is responsible for economic issues within the FDFA and cooperates closely with the various departments responsible, in particular the Federal Department of Finance and Federal Department of Economic Affairs, on the foreign policy coordination of all economic and financial affairs. It is actively involved in discussions and negotiations concerning Switzerland’s role as a financial centre. The Swiss Agency for Development and Cooperation (SDC) is Switzerland’s international cooperation agency within the Federal Department of Foreign Affairs (FDFA). In operating with other federal offices concerned, SDC is responsible for the overall coordination of development activities and cooperation with Eastern Europe, as well as for the humanitarian aid delivered by the Swiss Confederation. The goal of development cooperation is that of reducing poverty. It is meant to foster economic self-reliance and state autonomy, to contribute to the improvement of production conditions, to help in finding solutions to environmental problems, and to provide better access to education and basic healthcare services.
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