Economic development cooperation
Switzerland takes an effective and focused approach to international cooperation (IC). This cooperation aims at contributing to economic and human development, an intact environment as well as peace and good governance. The 2030 Agenda for Sustainable Development provides the framework for this. With its economic development cooperation, Switzerland contributes to economic growth and sustainable prosperity in its partner countries. This creates new opportunities and prospects for people and reduces global risks. SECO - the Swiss Confederation’s centre of expertise for all core economic policy issues, including economic cooperation and development - facilitates economic growth and sustainable prosperity in its partner countries. Thereby it ensures that all segments of the population benefit from such growth, and that it does not compromise the well-being of future generations. This reduces poverty and fragility. It also mitigates global risks such as economic and financial crises and climate change. Moreover, in giving people better prospects at home, SECO addresses one of the root causes of migration.
Switzerland’s economic development cooperation aims to promote economic growth and sustainable prosperity in its partner countries. Based on Switzerland’s international cooperation strategy, the goal of Switzerland’s economic development cooperation is to promote economic growth and sustainable prosperity. switzerland’s economic and trade policy expertise enables partner countries to shape structural transformation, develop their private sector and integrate into the global economy. Specifically, Switzerland supports the creation of reliable economic framework conditions and innovative private-sector initiatives in its partner countries. This gives people and companies access to markets and opportunities, creates employment opportunities and offers future perspectives locally. In order to achieve these goals, SECO will focus on eight business lines:
- Growth-promoting economic policy
- · Rules-based trade system
- · Innovation-friendly business environment
- · Urban development and infrastructure services
- · Access to financing
- · Integration in value chains
- · Corporate Social Responsibility
- · Market-oriented skills
Switzerland’s activities focus on the long term. Gender equality as well as climate and resource efficiency are systematically considered. Successfully overcoming global challenges requires strong partnerships. A coordinated process and a division of labour based on the core competencies of respective partners are required in order to guarantee the efficiency and effectiveness of collective action. SECO thus strives to strengthen its partnerships with civil society, the private sector, multilateral actors and universities.