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)
