The Swiss legal system is highly developed, commercial law is well defined, and investments are protected by solid policies. The Swiss franc is one of the world's soundest currencies and the country is known for its high standard of banking. A motivated workforce, laws promoting labor flexibility, and agreements between trade unions and employers' associations have meant very little labor unrest. The machinery, metals, electronics, and chemicals sectors are world-renowned for precision and quality. Together they account for well over half of Swiss export revenues.
Swiss farmers are one of the most highly protected and subsidized groups of producers in the world.
The U.S. share of the Swiss agricultural import market is currently quite small, but the steady application of WTO rules should gradually improve the situation. Tourism, banking, engineering and insurance are significant sectors of the economy and play a major role in its international relations. Swiss trading companies have unique marketing expertise in many parts of the world, including Eastern Europe, the Far East, Africa and the Middle East. Per capita, more Swiss visit the United States than from any other country. Switzerland is also a base for many multinational corporations.