International and national law in ensuring the foreign economic activity of the swiss confederation

Abstract

Since the modern economy of countries is not closed within the framework of the national state, but is widely integrated into the system of world economic relations, the issues of integration of national systems of legal support for economic and financial activities of countries with the norms and requirements of international law are of particular importance. At the same time, it is important to take into account the peculiarities of the state structure of the respective countries. The federalism differences in the system of distribution of powers between administrative-territorial entities and the central government in the establishment and implementation of foreign economic activity and international cooperation.

There is also a need to study the Swiss experience on effective regulatory support of foreign economic activity may be of interest to countries with different state structures, including in the context of comparative law and integration with international law.

The study of the legal system of support for foreign economic activity of the Swiss Confederation confirms that in the context of a globalized world economic system, the issues of integration of national systems of legal support for foreign economic and financial activities of countries with the norms and requirements of international law are of particular importance. At the same time, regulatory support for the status of relevant government structures and their functions in relation to international activities in the field of foreign trade and investment cooperation is formed depending on the specifics of the country’s state structure. In accordance with this, relations are built between subjects of central and regional authorities and subjects of economic and commercial activity in matters of entering international markets.

By integrating national legal norms to support the foreign economic activity of enterprises with international law, Switzerland effectively promotes exports. Strong support for Swiss companies, focused on needs and activities abroad, is provided through the tools of economic diplomacy and export support. Based on the norms of international law, the Swiss Confederation successfully implements the task of supporting the national economy and national business, medium and small enterprises by signing interstate agreements, such as the Free Trade Agreement, the Investment Protection Agreement, and the Agreement for the avoidance of double taxation.

The use of effective mechanisms and tools in the implementation of the country's development strategies, regulated by the norms of national and international law, ensures a jump in Switzerland’s competitiveness in international markets, which results in the level of socio-economic development of the country.