Swiss firms invest US$27bil after tariff deal

FILE PHOTO: The company's logo is seen at the new cell and gene therapy factory of Swiss drugmaker Novartis in Stein, Switzerland, November 28, 2019. REUTERS/Arnd Wiegmann/File Photo

ZURICH: Swiss companies invested US$27bil in the United States between January and April, as Switzerland moves to fulfil a pledge to sharply increase investment following a tariff agreement with Washington, NZZ am Sonntag reported.

Switzerland and the United States said on Nov 14 that Swiss companies would invest US$200bil over the next five years.