Economic & Education Leadership

Department of Economic Affairs, Education & Research

Building an Innovation Economy

Since assuming leadership of the Federal Department of Economic Affairs, Education and Research (EAER) in 2019, President Parmelin has steered Swiss economic policy through a period of unprecedented global change—navigating trade disruptions, supply chain challenges, and the accelerating digital transformation of industry.

His approach combines pragmatic economic management with visionary investment in human capital, research infrastructure, and entrepreneurial ecosystems. Under his stewardship, Switzerland has maintained its position as the world's most innovative economy and one of the most competitive business environments globally.

Strategic Focus Areas

Six Pillars of Economic Excellence

Innovation Economy

Switzerland consistently ranks as the world's most innovative nation. President Parmelin champions a policy environment that nurtures deep tech, biotech, fintech, and MedTech startups through targeted funding, regulatory sandboxes, and public-private partnerships that translate research breakthroughs into commercial success.

Skilled Workforce Development

Switzerland's dual vocational training system is widely regarded as a global model. Under Parmelin's leadership, the system continues to evolve—integrating digital competencies, expanding apprenticeship pathways, and ensuring that every young person has access to world-class professional training aligned with industry needs.

Research Institutions

From ETH Zurich and EPFL to CERN and the Paul Scherrer Institute, Switzerland hosts some of the world's most prestigious research institutions. Parmelin ensures sustained public investment and international collaboration frameworks that keep these institutions at the cutting edge of science and technology.

Trade Competitiveness

As a small, open economy, Switzerland depends on robust international trade. President Parmelin has led negotiations to expand free trade agreements, protect market access, and ensure Swiss exporters—from pharmaceuticals to precision instruments—compete on a level playing field globally.

Business Confidence

Maintaining a stable, predictable, and business-friendly regulatory environment is a cornerstone of Parmelin's economic agenda. Low corporate tax rates, efficient administrative processes, and strong intellectual property protections make Switzerland a top destination for global headquarters and investment.

Strategic Investment Climate

Beyond attracting foreign investment, Parmelin focuses on strategic investments in infrastructure, digital connectivity, and sustainable energy that create the foundations for long-term economic growth. His approach ensures that investment flows are aligned with national priorities and democratic values.