• 2026.09.26 (Sat)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
    • International Student Report
    • With Ambassador
  • Column
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
MENU
 
Home > World

Swiss Economy Minister Guy Parmelin Poised to Lead as President in 2026

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-12-11 19:40:19
  • -
  • +
  • Print

(C) Swissinfo


BERLIN—Guy Parmelin, Switzerland's incumbent Economy Minister, has been elected as the country's President for the year 2026. The 66-year-old politician secured the necessary votes in the Federal Assembly on December 10 (local time), garnering 203 out of 228 valid votes.

Parmelin's selection, while a significant moment in the Swiss political calendar, underscores the nation's unique, consensus-driven system of governance. Unlike typical presidential roles worldwide, the Swiss presidency is not a position of ultimate executive power but rather a ceremonial one, rotating annually among the seven members of the Federal Council (Bundesrat), the nation's collective executive. The President’s primary duty is to chair the Council’s meetings and represent the country internationally, holding no more special authority than the other six ministers. This structure reflects Switzerland's long-standing commitment to collegial government, where decisions are made by consensus rather than a single leader.

A Vintner Turned Statesman

Parmelin, a native of Bursins in the western canton of Vaud, originally comes from a family of winegrowers—a background that speaks to the deep connection between Swiss politics and its diverse regional economy. He joined the Federal Council in 2016, previously serving as the Minister of Defence and, notably, as President in 2021.

His recent tenure as Economy Minister has been marked by crucial international trade negotiations. Just this year, his portfolio came to the forefront when he was granted full authority by then-President Karin Keller-Sutter to conduct follow-up negotiations with the United States after Switzerland faced a steep 39% tariff "bomb" on certain exports. These talks successfully concluded last month, resulting in an agreement to reduce the tariff rate to 15%, conditional upon Switzerland's commitment to substantial direct investment in the U.S., reportedly totaling $200 billion.

Navigating Conservative Ideals and Collective Governance

Parmelin is a member of the Swiss People's Party (SVP), the most conservative of the four parties that make up the current coalition government. The SVP is known for its skepticism regarding strengthening ties with the European Union (EU). In 2020, the party even put forth a national referendum proposing the cancellation of various agreements with the EU concerning residence and employment.

However, the Swiss political system dictates that personal or party affiliations must often take a back seat to the collective will of the Federal Council. As a member of the collegial government, Parmelin must adhere to the Council's decisions, even when they contradict his party's platform. This is particularly relevant now, as the DPA news agency reports that Parmelin must uphold the collective government's decision to support a closer relationship with the EU, setting aside his party's specific interests. This obligation highlights the fundamental compromise inherent in Switzerland's consensus-based democracy, ensuring the country's stability through political inclusion and collective responsibility.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #Globaleconomictimes
  • #Korea
  • #Seoul
  • #Samsung
  • #LG
  • #Bitcoin
  • #Meta
  • #Business
  • #Economic
  • #The Woori Bank
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • OpenAI Claims Breakthrough on Millennium Prize Problem: Navier-Stokes Existence and Smoothness Solved in 88 Hours

  • Kim Jae-joong Unveils His Luxury Tokyo Detached House for the First Time: Featuring a 4-Meter High Ceiling and a Private Elevator 

  • White House Inquires About Recovery of US Remains in North Korea Ahead of Potential North Korea-US Summit

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065609519779744 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Beyond Drug Smuggling, Signs of "Domestic Manufacturing"… Special Measures Must Be Established 
  • Geoje, Still Scarred by Flood Damage, Receives 'Chuseok Warmth' from Across the Country Over 2 Billion Won Donated Since Disaster; 380,000 Items Worth 1.1 Billion Won in Relief Supplies
  • Season-Over Lee Jung-hoo: Only the Burden of a 33.5 Billion Won Price Tag Remains for the 2026 Season
  • Public Criticism on Stage... The Dignity of a Senior Singer Missed by Shim Soo-bong 
  • 'Slump in Results Followed by Asylum Scandal' – North Korean Delegation Shaken in Nagoya
  • Xi Jinping Arrives in Washington… Begins 3-Day State Visit to the U.S.

Most Viewed

1
Desperate Pursuit of HBM: China’s AI Chip Sector Faces Crippling Bottlenecks as Gray Market Prices Soar
2
Chuncheon to Light Up the "Lights of Ethiopia": The 16th Ethiopia Road World Coffee Festival & Meskel Festival Opens on September 25
3
The Era of "Working AI" Has Arrived: Why OpenAI's GPT-6 Astra is a Blessing for Samsung Electronics and SK Hynix
4
 Iran and Gulf Nations to Hold First Ministerial Meeting in Salalah for Hormuz Navigation
5
"Coffee Aroma and the Dance of Peace: A Global Cultural Harmony Unfolding This Chuseok" 
광고문의
임시1
임시3
임시2

Hot Issue

South Korea and U.S. Leaders Hold Pivotal Summit in New York

From a Symbol of Security to a Space for Healing... Walking Paju's Veiled 'Re:DMZ' Forest

Pocheon Hantan River Garden Festa

A Different Side of Gyeonggi Province Seen While Running… Autumn Running Courses Recommended by 'Run Gyeonggi'

Fashion Runway Show 2026

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 향기네무료급식
  • BCB부천방송
  • 반달곰 프로젝트
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life 
    • 전체
    • International Student Report
    • With Ambassador
  • Column 
    • 전체
    • Cho Kijo Column
    • Cherry Garden Story
    • Ko Yong-chul Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News