Curbing fast fashion, understanding exports to Switzerland and the role of statistics on the menu in Let’s Talk Economy

In our show of the day we find Vincent Subiliageneral manager of the CCIG to discuss exports to Switzerland, its importance to the economy and the impact of certain items from the latest votes on the subject. We continue an initiative to fight fast-fashion and make our consumption of fashion more sustainable with Nadia Khattabugco-founder of La wardrobe in Geneva, a private clothing rental company. Finally, focus on the statistics that have become essential to our lives in recent months, but are sometimes difficult to understand. Therefore decrypt with Herve Montfortdirector of theOCSTAT, Cantonal Statistical Office of Geneva and Olivier Rigotmanaging partner at EMC asset management

3 minutes to understand: How are exports organized in Switzerland?

Switzerland has always been a country whose economy thrives on its openness to the world. After all, it is a country that exports a lot abroad, one in two francs comes from exports, and in Europe in particular.

In this export logic, the Chambers of Commerce play a crucial role because they are the publishers of the documents necessary for the export of goods. we receive in Let’s talk about economicsVincent Subiliageneral manager of the Geneva Chamber of Commerce, Industry and Services to discuss this crucial role.

In Geneva, export is really critical to the economy of the canton as it has a special typography due to its border with its French neighbor. The CCIG is therefore called upon to support exporting companies by issuing certificates guaranteeing the origin of the goods and their conformity for export. Among these attestations and certificates, there are several types that are adapted to different situations, such as: the ATA carnet for temporary duty-free access, invented by the CCIG or even the CITESfor the export of goods based on animal products.

Can we talk about exports without mentioning the results of last Sunday’s votes, several of which have a direct impact on the latter? If our guest is happy with the vast majority “no” to the restriction initiative, he has reservations about the adoption of the “zero loss” initiative and that of the minimum wage.

Indeed, the moderate immigration citizens’ initiative proposed by the UDC posed a threat to exports as it undermined bilateral agreements with the European Union. The majority “no” to this initiative therefore reinforces the importance of the bond between Switzerland and its European partner, Vincent Subilia confides.

On the other hand, regarding the “zero loss” initiative, according to our guest, it poses a risk because Geneva is already a fiscally greedy canton and a tax hike sends a bad signal to entrepreneurs in the canton who are already being duped of the crisis. The same goes for the introduction of a minimum wage, which risks putting certain small businesses in delicate situations and forcing them to reduce the working hours of their employees or even lay off employees.

Geneva moves for the planet: can clothing rental curb fast fashion?

Among the industries whose consumption and carbon footprint are the worst, we find fashion and more specifically fast-fashion. However, ethical and sustainable fashion is an emerging trend. More and more women, as well as men, want to turn to more eco-responsible fashion. In Switzerland, for example, we see a strong attraction for second-hand products, empty changing rooms are piling up and more and more consumers indicate that they prefer this type of purchase over those of fast-fashion brands.

It is also on this trend that our guest is surfing, Nadia Khattabugco-founder of The wardrobe in Geneva, which in turn offers a clothing rental service between private individuals. Part of the observation that women in Switzerland wore on average only 20% of their wardrobe, Nadia Khattabug had the idea to let everyone rent and/or rent out their clothes. For a big occasion or to go to the office, for a period of four days to two weeks, the wardrobe offers designer clothes to be able to change your style according to your wishes while maintaining a responsible approach and without breaking the bank!

She tells us about it Let’s talk about economics

The focus: what roles do statistics play?

In recent months we have been inundated with numbers, statistics, forecasts. Whether economic or healthy, statistics are part of our daily lives, but what is their role? What are they telling us?

Our guests, Herve Montfortdirector of theOCSTAT and Olivier Rigotmanaging partner at EMC asset management, tell us more about it. In particular, we discuss with them the statistics on GDP that has fallen drastically this year, especially in Geneva, where it fell by 9%. Herve Montfort explains that this decline, which is greater than in the rest of the country, is due to the fact that the sectors that are normally profitable for the canton are among those most affected by the crisis. We are talking here about business tourism, whose added value is decreasing sharply, but also about the catering industry and the watch industry.

The numbers also show us that in the face of this crisis, we have all been affected in the same way, all over the world. They also allow us to see changes in consumption and work habits, etc., which are likely to have long-term consequences for, for example, the organization of cities or consumption patterns.

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