Federal Councillor Karin Keller-Sutter meets with her French counterpart, Bruno Le Maire

Press releases, 27.10.2023

On 27 October 2023, Federal Councillor Karin Keller-Sutter, Head of the Federal Department of Finance, met the French Minister of Economy and Finance, Bruno Le Maire, for a working visit. Topics covered included the economic and financial situation, financial market stability and bilateral tax matters.

Federal Councillor Karin Keller-Sutter and French Minister of Economy and Finance Bruno Le Maire met in Paris and exchanged views on global developments in the financial domain.

A further topic of discussion was the stability of financial markets. "At international level, Switzerland can bring experience to the table which could be useful in assessing the too-big-to-fail framework for global systemically important banks", said Federal Councillor Karin Keller-Sutter after the meeting.

In addition, the two ministers covered EU topics such as market access for financial service providers from third countries. They also discussed tax matters, for instance the state of progress on revising the double taxation agreement and the entry into force of the agreement on the taxation of cross-border commuters – in particular as regards remote working.

Switzerland and France maintain very close economic relations. France is Switzerland's fifth most important trading partner. In 2022, the countries exchanged goods and services worth nearly CHF 60 billion. Over 1,300 Swiss companies operate in France, employing more than 300,000 people there.

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