• 2026.11.11 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
[등록] 2026-09-01 15:48:31
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
    • Pet Life
    • Halal Horizon
  • 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 Bong-seon's Photo 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

  • Nearly 900 Schools Temporarily Closed as 'Flu' Epidemic Sweeps Japan

  • AI Companies Rush to Go Public, But Face Sudden Brakes Amid Cooling Investor Sentiment

  • Singapore and Brunei Sign Landmark MOU on Mutual Recognition of Halal Certificates

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

  • Hyundai Motor Deepens Tech Alliances with Samsung and Nvidia to Pioneer the Physical AI Era
  • G마켓 Expands Beyond Search: E-Commerce Giant Taps Creators for SNS Shopping
  • JTBC Initiates Formal Sale Process to Find a Strategic Buyer
  • Miky Lee Honored with Asian Hall of Fame’s Centennial Medal for Pioneering Global K-Culture
  • The Harsh Reality of K-Pop: Why Small Agency Idols Struggle to Survive Beyond Three Years
  • Regional Tourism in South Korea Struggles as Infrastructure Lags Behind Inbound Airport Growth

Most Viewed

1
US Army Conducts Rare Temporary Burial Drills to Prepare for Worst-Case Large-Scale War Scenarios
2
World Citizens are Flying Directly to Busan... The Era of 4 Million Foreigners is Just Around the Corner
3
Eating 100g of Baechu Kimchi Daily Linked to Lower High-Cholesterol Risks
4
Meeting Christmas Early!… Busan Dessert Sales Event "Daldal The Market" Held
5
South Korea and Ethiopia Sign Trilateral MOU to Introduce Liquid-Based Cytology (LBC) Technology for Cervical Cancer Diagnosis
체리가든 스토리
nutri huevos
로타리
동포저널

Hot Issue

LG Electronics and Skyscanner Partner to Bring Smart Travel Planning to Living Rooms

Regional Tourism in South Korea Struggles as Infrastructure Lags Behind Inbound Airport Growth

Miky Lee Honored with Asian Hall of Fame’s Centennial Medal for Pioneering Global K-Culture

Fashion Runway Show 2026

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

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
  • News K
  • 반달곰 프로젝트
  • 광고문의
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being 
    • 전체
    • Pet Life
    • Halal Horizon
  • 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 Bong-seon's Photo Column
    • Kim Seul-Ong Column
    • Lee Yeon-sil Column
  • Photo News
  • New Book Guide
  • Overseas Koreans
  • Multicultural News