Swiss President Calls For Open Markets And Stable Institutions In WEF Speech

1/22/2025 12:56:37 AM

(MENAFN- Swissinfo) In speeches at the World Economic Forum (WEF) in Davos on Tuesday, Swiss President Karin Keller-Sutter, European Commission President Ursula von der Leyen and Chinese Vice-Premier Ding Xuexiang all made the case for economic growth, fair competition and global cooperation, a day after Donald trump took the presidential oath of office in the United States.

This content was published on January 21, 2025 - 15:14 2 minutes Keystone-SDA

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Keller-Sutter wanted to emphasise in her message at the opening of the WEF that“only freedom provides the basis for development”, she told the Keystone-SDA news agency.

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In her own speech, von der Leyen saw the world in an era of“fierce geostrategic competition”. The European leader said that a world order based on cooperation, as imagined 25 years ago, had not become a reality. The world's largest economies were now competing for access to raw materials, new technologies and global trade routes, she said.

“Trade wars have no future,” said Vice-Premier Xiuxiang, referring to the threat of a trade war between the US and China. Trump has threatened China with high punitive tariffs.

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