Swiss Gold Industry Lobby Rejects Idea of US Relocation, NZZ Says
The Swiss gold industry lobby has rejected the idea of relocating some of its operations to the United States, according to a report in the Neue Zürcher Zeitung (NZZ) newspaper. The trade group for gold refiners in Switzerland opposes this proposal, which was aimed at easing the trade imbalance between the two countries and facilitating tariff negotiations. The article suggests that the Swiss gold industry sees no compelling reason to shift its operations to the US. The industry is firmly rooted in Switzerland and has no intention of relocating, despite the potential trade implications. The lobby's stance suggests that the Swiss gold sector is confident in its current position and is unwilling to compromise its established operations and infrastructure in the country.
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