US strengthens ties with Switzerland and Liechtenstein through economic partnerships

During the U.S. Senate Committee on Foreign Relations Nomination Hearing on May 8, 2025, discussions highlighted the robust and growing relationships between the United States, Switzerland, and Liechtenstein. These partnerships are founded on shared democratic values, strong economic ties, and mutual respect, which are crucial for both nations and the U.S.

Switzerland stands out as the sixth largest investor in the United States, with investments exceeding $350 billion, supporting nearly 500,000 American jobs. Notably, Switzerland is the largest foreign contributor to research and development in the U.S., injecting approximately $15 billion annually into the economy. This significant investment surpasses contributions from France and Italy combined. Furthermore, Switzerland leads in sending visitors to the U.S. per capita, enhancing cultural connections between the two nations.

The economic relationship is further solidified by the presence of over 1,200 American companies operating in Switzerland, making the U.S. the top foreign investor in the country. Although there is no formal free trade agreement, both nations have engaged in various agreements to bolster bilateral trade and economic cooperation. Recent military procurements by Switzerland, including a $6 billion deal for 36 U.S. F-35 fighter jets and a $2 billion purchase of a U.S. Patriot air defense system, underscore the defense collaboration between the two countries.

The relationship with Liechtenstein, established in 1997, is also significant. The U.S. is the leading foreign investor in Liechtenstein, and the partnership is characterized by shared values and mutual economic benefits. Companies from Liechtenstein contribute to job creation and economic growth in the U.S.

If confirmed, the nominee expressed a commitment to further strengthen these partnerships, expand economic opportunities, deepen bilateral investments and trade, and promote shared democratic values. This commitment reflects the importance of these relationships in fostering economic growth and cultural exchange, which are vital for both the U.S. and its partners.