WEBVTT 00:05.390 --> 00:06.790 We so he will coming. 00:06.820 --> 00:12.090 Okay. Really your today we held the first ever country specific 00:12.090 --> 00:14.690 executive round table at the white house. 00:15.220 --> 00:17.710 To that of bents uh we had. 00:18.280 --> 00:22.310 Eight swiss companies represented some very proud. That's that's 00:22.310 --> 00:26.090 and was the first to be able to hold one of these round tables 00:26.480 --> 00:29.300 and we have representatives from four of those companies here 00:29.300 --> 00:30.850 with us today executives. 00:31.410 --> 00:35.110 And it to that on the U.S. government side we had secretary put skirt. 00:35.630 --> 00:39.110 Secretary power as we had jeff signs that Mack director of the 00:39.110 --> 00:43.150 national economic council. We also had valerie Jared welcoming 00:43.150 --> 00:47.330 asked and caroline act can send us ideal hunt would send from 00:47.550 --> 00:51.910 the department of education jarman who focuses on any college 00:51.950 --> 00:52.620 out leach. 00:53.450 --> 00:58.100 The purpose of the conversation was to wick psp more. What are 00:58.300 --> 01:03.260 the reasons why so many swiss companies are investing deeply 01:03.260 --> 01:04.550 in the United States. 01:05.100 --> 01:08.170 What are some of the major opportunities for that have an currents 01:08.170 --> 01:10.730 that investment and what are some of the impediments that we 01:10.730 --> 01:13.580 should be working to overcome to increase out investment. 01:14.550 --> 01:17.650 Switzerland over all the companies across what's one represent 01:17.900 --> 01:22.240 the sixth largest foreign direct investment into the United States. 01:22.570 --> 01:24.590 So as I like to say clyde of their find. 01:25.200 --> 01:28.580 Up so despite being a country of eight million people there's 01:28.580 --> 01:29.420 an incredible. 01:30.170 --> 01:34.340 Importance in terms of Switzerland's role in the American economy. 01:34.980 --> 01:39.580 And those investments translate into almost half a million jobs 01:39.580 --> 01:43.350 in the United States strong jobs jobs where it it's an average 01:43.350 --> 01:45.600 salary the about a hundred thousand dollars. 01:46.130 --> 01:49.580 And that with that investment it also makes what's one the number 01:49.580 --> 01:53.860 one R and D investor into the United States with about nine point 01:53.860 --> 01:57.830 four billion dollars being spent every year into warranty. 01:59.170 --> 02:03.010 The companies that we had presents and began half of whom are 02:03.010 --> 02:04.140 here with us today. 02:04.830 --> 02:06.370 Include the foe group. 02:07.700 --> 02:11.400 They're. We have are re-up technologies. We have. 02:11.970 --> 02:12.960 Could they'll ski group. 02:14.790 --> 02:20.130 We have no for since we haven't Nestle we have P locks us and 02:20.130 --> 02:23.250 we have Zurich insurance group those companies were there with 02:23.250 --> 02:25.440 us to day is a part of this discussion. 02:26.160 --> 02:30.290 We discussed foreign direct investment and then we discussed apprenticeships. 02:30.970 --> 02:34.420 And those two things are inextricably linked because companies 02:34.420 --> 02:38.770 will want to invest in a country where there is a viable workforce. 02:39.320 --> 02:42.870 And in Switzerland the apprenticeship program is extremely robot 02:42.870 --> 02:47.260 asked two thirds of students go through that channel in terms 02:47.260 --> 02:50.440 of vocational education training as opposed to what traditional 02:50.440 --> 02:52.420 path up three university. 02:53.260 --> 02:57.060 And there's a lot that week United States can learn from that 02:57.470 --> 03:00.930 the administration the obama administration has rolled out a 03:00.930 --> 03:05.140 number of apprenticeship oriented programs and incentives recently 03:05.380 --> 03:07.830 including a hundred million dollar grant program. 03:08.680 --> 03:12.550 And other efforts to try to increase apprenticeships and I think 03:12.550 --> 03:16.210 that we can learn a lot from the swiss model in which it not 03:16.210 --> 03:19.290 only is something in which the companies invest but the government 03:19.290 --> 03:22.530 and vests and in which there's a robust education system. 03:23.030 --> 03:26.660 And in which parents and students themselves recognize the Christie's 03:26.690 --> 03:27.820 an opportunity in that. 03:29.720 --> 03:36.310 So. Part of this was also about how do we it encouraged those companies. 03:36.910 --> 03:41.740 Yes to invest more but also to take a leadership role in apprenticeships 03:41.770 --> 03:44.400 and rolling that out in United States again taking their model 03:44.400 --> 03:47.480 from Switzerland and bringing it over its United States. 03:47.870 --> 03:50.560 I'm very excited that several the copies and you'll see this 03:50.560 --> 03:53.840 in the announcement that I believe he may have in your hand and 03:53.840 --> 03:57.810 number of them made some substantial commitments to bringing 03:57.810 --> 04:02.230 their could ship programs out in the United States. So for example. 04:03.020 --> 04:06.110 And I'll introduce these domain in a moment we have the could've 04:06.160 --> 04:08.990 the group that is going to be rolling out of punish it's at their 04:08.990 --> 04:13.370 facilities across the United States focusing on house. How people 04:13.370 --> 04:17.790 might be able to learn I'd tea skills and roll that out in corporation 04:17.790 --> 04:19.780 within a pressure program in the cabel ski group. 04:20.540 --> 04:23.940 Earlier is ardi at the forefront of this the do with today than 04:23.940 --> 04:27.230 Minneapolis facility and the other facilities and the do it in 04:27.230 --> 04:30.820 conjunction with their facilities in into the ilk and in Switzerland 04:31.050 --> 04:33.990 as well as in their facilities in south africa and china and 04:33.990 --> 04:35.230 elsewhere across the planet. 04:36.080 --> 04:38.980 Both of those country companies who are already does this to 04:38.980 --> 04:42.280 date where those students then get to have an exchange between 04:42.280 --> 04:45.510 countries and it's something also that podolski group of looking 04:45.510 --> 04:46.030 at doing. 04:47.090 --> 04:51.020 Let me introduce these amazing business leaders to you as well 04:51.260 --> 04:54.930 and then I'll have things off to my counterpart here. This exact 04:54.930 --> 04:57.070 their director slip to saved me from the law plea. 04:57.880 --> 04:59.400 Starting from all the way in the left. 05:00.770 --> 05:04.650 We have it in a trust who is the CEO of the really hot technologies 05:04.960 --> 05:08.530 which is it you can all that you describe it that's because in 05:08.530 --> 05:11.290 terms of the narrow rehabilitation that you're doing it's it's 05:11.320 --> 05:14.330 extraordinary we have on they could tell ski from the could el 05:14.330 --> 05:14.820 ski group. 05:15.730 --> 05:17.700 We have kelvin greater frumpy there. 05:18.620 --> 05:22.100 And last but certainly not just their john club in a from monday 05:22.100 --> 05:22.960 the technology. 05:24.020 --> 05:28.070 So how the first headed off to the bank to describe select us 05:28.070 --> 05:31.440 safe and then we'll go back these don't will briefly in introduce 05:31.440 --> 05:34.780 it to their companies and the and it will take some questions cement. 05:35.600 --> 05:36.380 That's awesome. 05:37.140 --> 05:40.100 Thank you ambassador of my name's been a come about really and 05:40.100 --> 05:44.250 the executive good actor for select USA for hollows in the department 05:44.250 --> 05:45.040 of commerce. 05:45.590 --> 05:49.910 Uh it's a presidential initiative a Kmart up an executive order 05:49.910 --> 05:52.150 signed up as the obama in 20 eleven. 05:52.710 --> 05:56.350 Uh he does essentially an investment promotion program for the 05:56.350 --> 06:00.820 federal government. Is a uniquely federal program to assist companies 06:00.850 --> 06:06.250 such as the folks all idea today ah to help them navigate a the 06:06.610 --> 06:10.600 a climate navigate the market in the United States to be more 06:10.600 --> 06:14.820 successful and they're a investments and of grow their businesses 06:15.130 --> 06:19.190 and become more profitable and employing more about workers sao 06:19.190 --> 06:23.180 become a more bad you've been a to their stay clunkers. It is 06:23.180 --> 06:27.280 said to do like to be a hosting call hosting. I should say jointly 06:27.280 --> 06:31.230 hosting this his dedication is to first of its kind that deferring 06:31.230 --> 06:34.910 parade as an ambassador who led delegation off. 06:35.710 --> 06:40.030 Companies from foreign markets in this case it so uh spits in 06:40.030 --> 06:43.440 and uh we ago. We have been a productive day today. But we're 06:43.440 --> 06:46.790 at the white house pretty of had very substantive discussions 06:46.820 --> 06:50.940 in this space off what are the factors that are attracting their 06:50.940 --> 06:54.600 businesses to come here. Once a week talk today candidly about 06:54.600 --> 06:57.210 some a impediments or some her goes. 06:57.820 --> 07:01.770 Both perceived and real uh many of them can be this ought to 07:01.770 --> 07:06.330 free just get to the specifics a fake and see what became cocoa pieced. 07:06.330 --> 07:09.710 This. This was the be step back a little bit and talk about the 07:09.710 --> 07:14.370 attractiveness of the United States United States is become so 07:14.370 --> 07:18.360 competitive a and the blow Bliss cared for investments to be 07:18.360 --> 07:23.740 landing tool years in there all in 2012 and 13 we ve gained animal. 07:23.740 --> 07:27.960 One spock in the work as in the city and market for foreign direct 07:27.960 --> 07:35.100 investment in 20 13 we were able to attract more than. 225 Billion Dollars 07:35.130 --> 07:38.970 in foreign pick can that's what sets again displaying a key role. 07:39.420 --> 07:44.150 I looked at the numbers for the last five years average Switzerland 07:44.290 --> 07:47.660 investors from says companies into the United States. 07:48.200 --> 07:52.750 Are investing at the vague of 17 point one billion dollars a 07:52.780 --> 07:57.130 year average over the five year period. This is very substantial 07:57.160 --> 08:01.310 and has apart me here a bass to season of mine pointed out as 08:01.310 --> 08:04.380 a specific come on and that's very interesting the research and 08:04.380 --> 08:07.800 development invest backup back is second or not. 08:08.530 --> 08:12.370 Sell uh it's something that we talk more about the clue that 08:12.370 --> 08:15.810 this stuff not today's program 30 just wanted to highlight the 08:15.810 --> 08:19.410 attractiveness of us as a destination if you look at the market 08:19.410 --> 08:23.670 growth United States is a market looks over. 17 Trillion Dollars 08:23.700 --> 08:24.390 of she VP. 08:25.040 --> 08:28.840 We have a grohl today to GT the growth state office second and 08:28.840 --> 08:34.480 third quarter averaging older 4% annual acts far ahead of be 08:34.840 --> 08:38.720 developed that can peace out of this for a sodas and a number 08:38.720 --> 08:41.760 of other factors that are influencing the effectiveness of the 08:41.760 --> 08:42.790 United States market. 08:43.640 --> 08:47.310 It's a today will also touch on a very important about second 08:47.400 --> 08:51.450 time dimension to this is the print to ship and workforce development. 08:51.770 --> 08:56.220 I'm model bed is there a successful and proven a in Switzerland 08:56.450 --> 09:00.620 and swiss companies aren't going back and it's a mutually beneficial 09:00.950 --> 09:05.360 a subject that that would fetch 100 cubic make one um with that 09:05.390 --> 09:09.930 I would just wanna talk about a and a bit of a plug for Setsik 09:09.930 --> 09:13.630 to a say-so make us say would be hosting second off its summits 09:14.080 --> 09:17.190 uh we had an inaugural summit in can detect the imprisoned obama 09:17.190 --> 09:20.960 hosted cutesy successful. Although subscribe it and we have over 09:20.960 --> 09:25.480 13 hundred attendees. This here in march on march 20 third in 09:25.480 --> 09:30.700 24 or hosting the second a investment summit selector see investments 09:30.700 --> 09:34.010 of like live doubling the size uh in the washington d.c. 09:34.010 --> 09:38.240 area. So we already have the swiss companies signing up in fact 09:38.450 --> 09:41.980 says companies are wonderfully over subscribed Inc that this 09:41.980 --> 09:46.620 event and a are of conny's our friends here will be a are planning 09:46.620 --> 09:49.970 to attain and we expect many more swiss companies to show up. 09:50.510 --> 09:54.960 Uh at our summit in now march of this here. I'm delighted to 09:54.960 --> 09:58.850 be here and take some a question slate crime. But the of would 09:58.850 --> 10:03.880 like to handed over of back to in basra says in a vying who le introduced. 10:04.790 --> 10:10.140 The uh uh our partners are Klein say should say businesses from Switzerland. 10:10.410 --> 10:13.410 Thank you very much lee. Thank you so much one thing I think 10:13.460 --> 10:15.320 to keep in mind. Here's. Why does this matter. 10:16.940 --> 10:19.970 Rate investing in the us. Why does it matter just the talent. 10:20.510 --> 10:23.580 But I think it with a one of the key things here is how this 10:23.580 --> 10:27.850 was companies continue their ground and what is a revenue opportunity 10:27.850 --> 10:31.500 for then and the beautiful thing here is the opportunity for 10:31.500 --> 10:33.280 what I call shared prosperity. 10:34.400 --> 10:38.030 When we but when one succeeds the other succeeds our success 10:38.030 --> 10:40.790 is inextricably linked between our two countries. 10:41.350 --> 10:45.290 And let me now allow all my friends here to introduce themselves 10:45.290 --> 10:47.590 and what their companies do when I think it will give you a very 10:47.590 --> 10:50.780 clear illustration of the ways in which. 10:51.460 --> 10:53.420 Our success is mutually toward. 10:54.040 --> 10:55.220 The without clean some club. 10:55.760 --> 10:56.220 Thank you. 10:57.120 --> 11:01.500 The um so as a said only a mine a mission from them a a a I and 11:01.500 --> 11:03.690 the group presidents of naval. 11:04.560 --> 11:11.770 The how they will of was common in 2009 um a and of the Quite 11:11.770 --> 11:12.780 every day. 11:13.370 --> 11:13.900 You need. 11:14.450 --> 11:16.320 Tim ion battery technology. 11:17.150 --> 11:20.450 Uh that this you know that make that doesn't come of the on can 11:20.450 --> 11:22.290 all picks gold is perfect. He said. 11:23.090 --> 11:27.670 A very unique open to use of the senate toward a go of this a 11:27.670 --> 11:30.200 excuse me of just a battery technology. 11:30.920 --> 11:36.380 Maybe it's a a middle live spy um poll of 20 to studious. 11:36.950 --> 11:38.290 The data was no commander eight. 11:38.920 --> 11:42.090 Page in basically do it to the she's very unique cooking all 11:42.090 --> 11:42.970 the McKenna twilight. 11:44.220 --> 11:49.490 And so we got a the moment passed 45000 cycles. A. 11:51.980 --> 11:55.130 The from the batch ways that's where the first producing the 11:55.160 --> 11:55.880 compels a nine. 11:57.160 --> 12:01.450 Um. We have chosen the a. 12:02.040 --> 12:06.290 Then all channels color line not as we a quiet the a IMAX fitted 12:06.320 --> 12:07.450 maurice a. Side. 12:11.960 --> 12:13.140 This is the new. Disney. 12:15.200 --> 12:16.730 It's something about what you're. Saying. 12:18.800 --> 12:22.270 To the store for one of the main focus can can get a schism in 12:22.360 --> 12:26.930 the and the so uh and yell recorded that to that's the city tea 12:26.960 --> 12:28.590 you know a norse color. I know. 12:29.510 --> 12:34.150 Uh and it's a tweet born from the five me in square for the city 12:34.150 --> 12:37.960 to be there you which a production facility huge facility where 12:37.960 --> 12:42.680 women could do was. Uh in the coming yes up to a 16 to go what 12:42.710 --> 12:45.210 of a of a factory. 12:46.190 --> 12:49.990 The battery to who we really for chris on greed storage. 12:50.970 --> 12:56.520 Uh uh you out to know that he and the the inefficiencies created 12:56.520 --> 12:57.400 in agreed today. 12:58.160 --> 13:02.260 Uh uh all to the the with alternate electricity producing us 13:02.460 --> 13:05.590 a 60 pursue approximately 60% is rejected. 13:06.770 --> 13:07.620 Up of this. 13:08.390 --> 13:12.380 Sediba sands casino alston inserted. The sand quimby a recap 13:12.380 --> 13:16.830 truro and and really was and this is equivalent to the toll quote. 13:17.480 --> 13:19.570 Fuel transportation us. 13:20.630 --> 13:25.760 And to come up riotous go. But this is the tremendous sold we 13:26.170 --> 13:29.610 a weak position Allah sofas an energy service pro widel. 13:30.190 --> 13:35.880 Using the battery and The uh matted picks. Unable to go to the 13:35.940 --> 13:37.730 throughout just S and P. 13:38.900 --> 13:42.870 Mickey process saying a country to system in the world. 13:43.570 --> 13:45.330 Won't be data analysis. 13:46.190 --> 13:50.350 We we will be a low and we are able excuse me too. 13:51.800 --> 13:56.610 Capture data was from the come to a mile from digital re toes 13:56.610 --> 13:59.720 from the weight of four counts from the cannon the you name it. 14:00.050 --> 14:03.460 You know that to anticipate greed these have been optimized agreed. 14:04.060 --> 14:07.710 Soul and the juice on some service provided combining and not 14:07.710 --> 14:08.670 at the expressed. 14:09.410 --> 14:14.280 A agreed storage mates a. Unable. 14:16.430 --> 14:20.970 So thank you very much on crime. Out as a place yes up on foam 14:20.970 --> 14:25.630 big over the years a word like it's a grew a in the grain process 14:25.630 --> 14:29.600 and maintain we all the world leaders so a quick auto for do 14:29.630 --> 14:34.390 have for breakfast to comes always Godot sanaa machines. We asked 14:34.390 --> 14:35.630 also else how many. 14:36.490 --> 14:40.610 People a day getting called that was proper made on the machines 14:40.610 --> 14:43.420 and we go up to 50% of the worldwide compilation. 14:44.430 --> 14:48.960 We ah company a about two point five billion elf sales. We do 14:48.960 --> 14:53.780 about 14 15% interstate soda States is a very important market 14:53.780 --> 14:58.330 for us always walls and we invested that had a lead to become 14:58.330 --> 15:01.330 also a leader and to be here in the market. 15:01.930 --> 15:03.710 I'm going is a nice. 15:04.330 --> 15:08.590 We had sometimes problem in getting deride people and therefore 15:08.590 --> 15:14.110 we decided to take the Swiss vocational system dedication system. 15:14.110 --> 15:17.080 We did a call the paste and started to do with here in the States. 15:17.610 --> 15:20.640 And the today we have a blip flow of young people that go with 15:20.640 --> 15:22.010 rule how or training. 15:22.640 --> 15:25.610 A program meant that they're the backbone off our accompany all 15:25.610 --> 15:26.650 city in the States. 15:27.980 --> 15:29.190 Thank you very much under. 15:30.140 --> 15:33.400 Some only podolski is that some and then sealed Chicago ski groups. 15:33.400 --> 15:37.710 So vocal than ineffective in digit until the content pope action. 15:37.710 --> 15:40.890 Although set the like cable in that and that has Wallace said 15:40.890 --> 15:44.050 the sick creepy. But have been active for many years onto us 15:44.050 --> 15:48.490 mock-up stopping nineteen-sixty with some logo on compelled contract 15:48.490 --> 15:52.270 Smith's now but expended bella presence with that the different 15:52.270 --> 15:56.420 location including cynical lowly captain. The Denver and tell 15:56.420 --> 16:00.010 what will distribute goals and closer to see this pocket knowing 16:00.010 --> 16:03.270 steps with just good closing less mock-up would become goods 16:03.520 --> 16:07.640 Jose also come true. So it's raining bolton to be heidi performing 16:07.640 --> 16:09.130 consists are growing mock. 16:10.180 --> 16:11.170 Thank you very much. 16:11.820 --> 16:16.080 Prevented and renew toast and no one of the founders and CEO 16:16.080 --> 16:20.270 will free up nicola keep we started dollar Co 2000 they didn't. 16:20.900 --> 16:24.840 The elite that will being keller unit starting doubt that the 16:24.840 --> 16:27.970 will but we're devices for new going to be patient. 16:28.610 --> 16:32.010 The ceases many on market than the or of any don't call nthony. 16:32.340 --> 16:36.950 We went to us with some of the 2000 will start to the call russian 16:37.230 --> 16:40.780 couple a show lies the pieces seem to mean pam we have a and 16:40.780 --> 16:45.110 that works a swing that will call would to won't was so morgan 16:45.140 --> 16:48.540 and morgan to to come to see art that wicked United States. 16:49.040 --> 16:51.050 Germany Switzerland and. India. 16:53.490 --> 16:54.730 The Yeah. 16:55.270 --> 16:58.240 You're a appeared in your romantic that you're gonna have the 16:58.240 --> 16:59.760 patient is so I'm. 17:00.320 --> 17:01.950 Focal seen on stroke but. 17:02.750 --> 17:06.690 So its manifesto quote. From up-tick bringing killer patients 17:07.110 --> 17:08.800 spinal cord patients. 17:09.360 --> 17:10.700 Cerebral poll seat. 17:11.530 --> 17:13.200 And also Parkinson. 17:14.360 --> 17:18.020 Why do we invest especially the United States. We steal up we 17:18.020 --> 17:20.130 afro when people to see does it's with some. 17:20.650 --> 17:23.640 Cannot to stay taste nearly 50% of the market. 17:24.260 --> 17:26.770 In the in your own in the thinking patient. 17:27.620 --> 17:30.950 With just finished he it was to be growing up the coast people 17:30.950 --> 17:35.840 grew up very successful pride we work close wasted the factor 17:35.840 --> 17:40.740 in the fans to be a organisations and the the CIA people and 17:40.740 --> 17:42.200 killing it. So we Wall. 17:43.280 --> 17:49.700 To invest just in 2015 quite the remarkable number in to dole 17:49.780 --> 17:53.540 rationed up the polls. So pulse of the game to win the factory 17:53.540 --> 17:54.810 mean denied to state. 17:55.940 --> 18:00.220 Okay well thank you so much again for coming so far for this 18:00.220 --> 18:03.580 conversation today at the white house if this conversation with 18:03.580 --> 18:06.520 the folks work here today with that I'd like to open about for 18:06.520 --> 18:09.370 questions that you may not have and please stay in your name 18:09.370 --> 18:12.390 and you're out that the because not everybody may now think you place. 18:13.060 --> 18:14.320 Uh when the microphone. 18:16.070 --> 18:18.280 The the from she's Daisy's talk. 18:18.790 --> 18:22.760 A question for mr. Greater uh. He few could be the exclusive 18:22.760 --> 18:27.630 to that of it as far as you'll program mof bringing in apprentice 18:27.720 --> 18:32.190 to be us and what you've been doing was apprentice here unity 18:32.190 --> 18:35.070 in us how would be very interested in hearing about that. 18:35.630 --> 18:41.840 Us a last week we basically take us a young people and the put 18:41.840 --> 18:47.660 them through our program. So we developed a three years program a. 18:48.390 --> 18:51.470 We started in Minneapolis but we also doing it that the our sites 18:51.470 --> 18:52.380 in south carolina. 18:53.030 --> 18:58.460 Uh uh we are educating these people in and the basics all for 18:58.840 --> 19:05.510 the when we won told generates a equipped insulation a and mechanics 19:05.540 --> 19:10.070 as so we tried to a has developed skinned people fall for that 19:10.100 --> 19:12.460 to special uh. 19:13.700 --> 19:16.600 The for the special skin and the we have. 19:17.290 --> 19:20.060 Together was a state dolphin an assault that we have developed 19:20.330 --> 19:23.020 a program similar to this wish program. 19:23.550 --> 19:27.860 A few days running on the second year. So we know 30 year even 19:28.190 --> 19:32.110 so we have that we have for already a assertive students scoring 19:32.110 --> 19:35.740 sort of program and that that he saw stand tea. 19:36.830 --> 19:40.570 Advantage that we can also rotate that the people we have to 19:40.570 --> 19:44.270 now all the locations and the as so we have for merchants going 19:44.270 --> 19:48.020 to switch lemons was coming to the States all we have to eat 19:48.170 --> 19:52.890 that the same system also in china and india south africa imprisoned 19:52.890 --> 19:56.690 in germany and interstate. So that's in short words the program 19:56.690 --> 19:57.420 we have to that. 19:58.180 --> 20:01.520 I don't I because i've had the pleasure and privilege of and 20:01.520 --> 20:05.290 spending some time also that facility in its failed and I'm learning 20:05.320 --> 20:08.790 also that they are partnering with the community college and 20:08.790 --> 20:13.310 of Minnesota and so while it thinks that um this was not where 20:13.310 --> 20:16.690 people trees in the ninth grade to go into occasional education trying. 20:16.690 --> 20:20.260 I think that better at a log in the United States are the community 20:20.260 --> 20:23.360 colleges and the way in which one when they finish high school 20:23.360 --> 20:27.040 in the United States can then go into that and do that I and 20:27.040 --> 20:29.540 that there and some conversations and some clothes the comes 20:29.540 --> 20:32.070 dishes that you're having a north carolina I with some of the 20:32.100 --> 20:36.050 universe of some of that maybe colleges there have and I'm fasting 20:36.190 --> 20:39.530 and also quick said that violent who's not here today but please 20:39.530 --> 20:42.410 know that this is a representative group of companies and that 20:42.440 --> 20:45.890 their hopefully will be many more swiss companies who take this 20:45.890 --> 20:48.860 opportunity to bring the pen to shut model to the United States 20:48.860 --> 20:52.870 to their facilities here to help grow their workforce and the 20:52.870 --> 20:58.040 community colleges are a very critical part of that and matchmaking 20:58.040 --> 21:01.870 between the company's bikini colleges and getting back curriculum 21:01.870 --> 21:02.530 and place. 21:05.340 --> 21:07.440 Yes. A kid. 21:07.990 --> 21:11.060 When he was beats aldermen from swiss radio. I starred fall tom. 21:11.100 --> 21:14.980 I understand why you dismiss companies in the United States a 21:15.010 --> 21:17.060 are having those apprenticeship programs. 21:17.680 --> 21:21.090 Um and I understand like the United States and the obama administration 21:21.090 --> 21:25.110 wants to poshed for that because it fits into the policy about 21:25.170 --> 21:29.480 a thing what I'm interested in a for me. Oh from Oceanic to you 21:29.480 --> 21:34.570 is say a police to our reaction from American companies. So they 21:34.570 --> 21:38.840 willing to invest in such a program because I can't imagine that 21:38.840 --> 21:42.040 they think why she'll be educate people and they moved to other 21:42.040 --> 21:45.480 companies send day. It's so most moni etcetera can you tell us 21:45.480 --> 21:49.340 allude about what American companies uh thinking about that thanks 21:49.340 --> 21:50.540 so much for your question. 21:51.380 --> 21:55.540 There are five million. Openings job openings right now. 21:56.070 --> 22:00.760 Uh so wide unemployment has a come down significantly over the 22:00.760 --> 22:05.150 last five years it is still there are millions of American school 22:05.430 --> 22:09.210 and still looking for work. So it is the disconnect that the 22:09.210 --> 22:10.990 administration is so focused on. 22:11.560 --> 22:17.180 To. To fill that gap soul very similar to what the swiss companies 22:17.180 --> 22:21.180 up facing there are so many the thousands of international companies 22:21.180 --> 22:24.390 were doing business in the United States are facing this challenge 22:24.830 --> 22:28.880 iran with them. I U.S. companies has fall and across the board 22:29.030 --> 22:33.480 us companies uh I'd depending upon the companies they have done 22:33.480 --> 22:37.630 quite a big off working this space many are learning back this 22:37.690 --> 22:42.530 this acts will invest but it's an investment imports making a 22:42.530 --> 22:46.180 in this can just about up meant and so daren't number of probe 22:46.180 --> 22:49.680 is actually thousands of programs in the apprenticeship programs 22:49.680 --> 22:53.720 that that the master a that touched on peppers obama has said 22:53.750 --> 22:57.650 a and the helped launch. I is being managed by the department 22:57.650 --> 23:01.050 of labor and education and commerce department of commerce is 23:01.080 --> 23:05.510 intimately involved in trying to find that right balance between 23:05.510 --> 23:09.450 what the the sources federal government that can provide to assist 23:09.690 --> 23:13.140 the private sector. But also the community said the community 23:13.140 --> 23:16.490 because agents once it's a very high priority and we're seeing 23:16.490 --> 23:19.960 this across all the States and territories that the United States 23:20.260 --> 23:24.960 at us companies see the same opportunity and they're spending 23:25.010 --> 23:27.760 a lot of every sources of energy in the States picks. 23:28.790 --> 23:31.830 Um before we go anywhere summon in new york. So would like to 23:31.830 --> 23:34.360 go to me your high if you could to share your name in the outlet 23:34.360 --> 23:35.600 from which a coming that the great. 23:36.450 --> 23:40.040 You things to um the the make questions and uh and this is uncle 23:40.040 --> 23:43.760 ned a from commanded in the Day from a so I'm I'm gonna grill 23:43.760 --> 23:45.960 my question's because I'm the lone reporter had. 23:46.570 --> 23:50.300 A um as three things I wanted to ask you about the first thing 23:50.300 --> 23:53.890 as I understand the us what's in is in part investors but like 23:53.940 --> 23:58.820 why with this in the Ng event in the context of so I guess in 23:58.820 --> 24:01.900 the in the summit didn't on it as why sweat Simon non be of a 24:01.900 --> 24:05.710 you'll love the UK which I'm far greater and gushes bounce with 24:05.710 --> 24:09.880 some is it to linked to the bank situation and the made that 24:09.880 --> 24:13.000 the big problems of the swiss people have last chair with the 24:13.000 --> 24:14.870 of the us within the yushi jan. 24:15.430 --> 24:20.640 That was my in my first a question I'm that this the second question was. 24:21.230 --> 24:25.390 Uh I'm in terms of a what came out of this because I hear that 24:25.390 --> 24:29.660 and you may have a a a some really given the statements in the 24:29.660 --> 24:32.290 suit that that nothing here. So maybe you come to some it up. 24:33.170 --> 24:36.870 I'm for the swiss entrepreneurs hubby. They feel to be invited 24:36.870 --> 24:40.150 to the white house while msc east bank are afraid to get into 24:40.150 --> 24:43.220 playing to come to the us most was bankers and they've main port 24:43.220 --> 24:46.850 investors uh and and the last thing that to me second asking 24:47.330 --> 24:51.890 a it looks like Niagara has read uses presents in Tennessee a 24:51.890 --> 24:54.660 was some wanted to discover the dress. She about bested. 24:54.980 --> 24:58.720 Yeah no human invest in some sectors in we'd use a you wheeler 24:58.720 --> 25:00.880 your investments in some others. Thank you very much. 25:01.810 --> 25:05.170 Thank you so much for your quest and I appreciate it um I things 25:05.170 --> 25:07.620 and they will the will switch off on that. First question of 25:07.850 --> 25:09.930 why Switzerland us. First I uh. 25:10.560 --> 25:11.140 I whoa. 25:12.590 --> 25:16.590 Definitively say they it is solely because of the importance 25:16.590 --> 25:21.780 of Switzerland and the role that Switzerland plays in investing 25:21.780 --> 25:25.740 in the United States and while we describes that's one as being 25:25.980 --> 25:29.660 the sixth largest investor and the world frankly I spy are forced 25:29.660 --> 25:33.760 to to win to become the largest investor in the world into United States. 25:34.330 --> 25:39.140 Um and that is the sole the reason why Switzerland was first 25:39.340 --> 25:42.300 from my perspective and in a do you have any perspective on this 25:42.300 --> 25:47.360 as well um they state fall would uh Switzerland PS population 25:47.360 --> 25:51.920 is eight million people so it's elam's average investment parity air. 25:52.420 --> 25:57.690 A is running over 17 billion dollars a year. Why that it is not 25:57.690 --> 26:02.220 the number one or number two it is number six but number six 26:02.570 --> 26:06.400 off although investors we get in bass ones from over a hundred 26:06.400 --> 26:10.320 countries into the United States. So I would say they'll so it's 26:10.320 --> 26:14.570 a in this bunching way above its weight class in boxing a terminology 26:14.600 --> 26:17.960 and I was eight so we had to start somewhere. So this is the 26:17.960 --> 26:21.560 first up it's crying. We're we're calling it in bastard led delegation 26:21.890 --> 26:26.200 were us ambassador in respect of compete aspect of market is 26:26.200 --> 26:30.550 a meeting a delegation of investors to the United States to talk 26:30.550 --> 26:35.710 about all sorts of the uh you know a subjects in this case we 26:35.710 --> 26:40.420 focused on the opportunities. But also a big part of it was a 26:40.450 --> 26:43.650 apprenticeship and workforce and skins development which is a 26:43.650 --> 26:47.310 huge priority for the obama administration all have one metric 26:47.310 --> 26:52.240 to that and that is in the top 10 fastest growing investors into 26:52.240 --> 26:55.440 the United States. Switzerland is the largest. 26:56.480 --> 27:00.090 So it's sort of the Wall of big numbers that the rest of the 27:00.090 --> 27:04.920 top and are substantially smaller than so it's one so it is the 27:05.130 --> 27:09.880 fastest largest investor into the United States which makes it 27:09.920 --> 27:13.490 all that much more attractive than in terms of your second question 27:13.490 --> 27:17.600 and of the for the swiss punch can orders of their decisions 27:17.600 --> 27:20.120 to be here does anyone wanna take about one. 27:22.170 --> 27:23.640 And how you're feeling about being here. 27:25.240 --> 27:29.050 The I mean that I think as not think of and there was the banking 27:29.050 --> 27:32.060 industry and that what worked we of the way via. I'm nina. 27:32.690 --> 27:35.970 We all know a we ah with does ending a many fight dope for awful 27:35.970 --> 27:38.520 for for myself and then and and the company. 27:39.240 --> 27:41.820 Whole. Yup dated the excuse me. 27:42.710 --> 27:48.670 Demon. What we our prison thing what. The ford supply chain was 27:48.670 --> 27:50.180 in in a 19 fifty. 27:50.750 --> 27:52.590 Today we addressing and be. 27:53.530 --> 27:56.840 The great which is the law the supply chain in the world has said. 27:57.430 --> 28:01.120 Uh a dairies tremendous need nobody to transform and we have 28:01.120 --> 28:03.830 pokes over the years ahead and it's nothing to do was you west 28:03.830 --> 28:08.940 china all all all we're about is it is it is a fantastic mock it's. 28:09.490 --> 28:13.110 Uh to be a dress with the products all the waste has or burrito 28:13.110 --> 28:13.900 witty being paid. 28:14.430 --> 28:15.430 By the comes to most. 28:16.110 --> 28:19.620 And and that he does to be not address today great. 28:20.240 --> 28:23.860 We of a billion of apt of the industry can only surmise system 28:23.860 --> 28:27.560 of all his service industry. But also that bring production back 28:27.610 --> 28:31.050 and the I'll think cared presidents that does approach all peer 28:31.360 --> 28:34.920 in I'm just making the people on the stand that is not only all 28:34.920 --> 28:38.760 about service we'd we need to have would people that all so ready 28:39.160 --> 28:44.110 uh to were carts to not only design but also to make the products 28:44.110 --> 28:47.820 and make it in a Prague O'Keeffe in inefficient way and that 28:47.820 --> 28:51.900 therefore up a wifi move that they us industry's doing a lot 28:52.360 --> 28:55.860 a in order to get there not only in the States. We also feel 28:55.860 --> 28:59.740 let us companies all started to export the in the al competitive 28:59.740 --> 29:04.840 to starting to become competitive again handed for us a it's 29:04.840 --> 29:09.500 of course a big pride of being part of the to send a being the 29:09.500 --> 29:13.050 and and having at some influence in these developing some goat 29:13.090 --> 29:14.620 people in the us great. 29:15.320 --> 29:18.990 But just to touch one wants us to sober and popup rocket form 29:18.990 --> 29:22.280 and you call it nice and it's it's really a wonderful local can 29:22.280 --> 29:26.630 you keep to be able to get some discussion about when when called 29:26.630 --> 29:31.240 sceptics us to go to use a had think sometimes do controlled 29:31.270 --> 29:34.600 the to to fall into one distance him to be successful in to do 29:34.830 --> 29:36.960 something to to great I appreciate that. 29:38.070 --> 29:41.200 Hard I think we can take two more questions in terms of our time. 29:41.200 --> 29:44.130 He wanna be sensitive to were executives in their commitments 29:44.130 --> 29:44.970 that they have.. Race. 29:45.500 --> 29:51.280 Race. I can't think it was bidding a swiss re get better question 29:51.280 --> 29:54.460 you mention that community colleges and we've seen over the last 29:54.460 --> 29:58.500 eight quite a bit of potion the stew direction by a that president 29:58.500 --> 30:02.390 but is there any interest a year any interest from says of the 30:02.390 --> 30:06.830 community colleges in working with the with the companies in 30:06.830 --> 30:09.870 developing at a kind of system like we have insisted. 30:11.630 --> 30:16.530 Um. Apps ilia to visit you would Yamada pinterest coming from 30:16.530 --> 30:21.000 the communities uh from be a look gallic these set that count 30:21.000 --> 30:24.460 these that the state I can give you a anecdotal evidence all 30:24.490 --> 30:28.690 what we arsenic to a state is doing in a community in lake charles in. 30:28.970 --> 30:34.070 Yeah no we've got a similar story from a spark was broke south carolina. 30:34.640 --> 30:38.910 And this is said these uh communities where I'm I'm huge amounts 30:38.910 --> 30:44.280 of jobs became available. But the skews did not match the job 30:44.280 --> 30:48.910 requirements for the community colleges a stepped up a to the 30:48.910 --> 30:55.290 challenge and are are able to have programs prevent event a offer 30:55.490 --> 31:00.490 training and education at that event that the specific jobs Saul. 31:00.520 --> 31:04.180 We're finding a in every quarter of the United States. 31:04.410 --> 31:08.710 We've finding there's a on us unanimous that that community colleges. 31:08.990 --> 31:13.220 I have stepped up AKA the challenge and the poor I'm producing 31:13.250 --> 31:17.300 a phenomenon besides soul. It's a matter of the takes tiny doesn't 31:17.300 --> 31:21.460 happen overnight. So this is a village to the mule strong initiative 31:21.460 --> 31:24.970 from the federal government like almost all the States are involved 31:25.000 --> 31:28.920 and the community. So the city's that counties and the state 31:28.920 --> 31:32.990 governments a along with the private sector. I have stepped up 31:32.990 --> 31:35.770 to this challenge and out we believe about were and the right 31:35.800 --> 31:40.760 past a to uh to provide the training better needed that a dead 31:40.760 --> 31:43.740 that's skills that are needed by the industry right at the end. 31:43.770 --> 31:47.590 I love to have a problems the greatest think about this as well 31:47.590 --> 31:50.560 in just a moment. I wanna point at two things one is the hundred 31:50.560 --> 31:53.600 million dollar grant program that the president announced in 31:53.600 --> 31:59.820 december is one of it incurred is a collaboration between different 31:59.850 --> 32:02.520 and to tease whether those entities are companies. 32:03.280 --> 32:08.090 Community college a is labor organizations local governments 32:08.250 --> 32:12.160 to come together to applied for these twenty-five grants within 32:12.160 --> 32:17.100 that amount and the idea is that recognizing that it's only with 32:17.100 --> 32:22.660 back collaboration that this kind of go system can succeed and 32:22.660 --> 32:26.170 I think that the swiss really are in an optimal position. 32:27.070 --> 32:30.610 To teach us break for us to learn from that when I look at the 32:30.610 --> 32:34.400 whole show that this the governments and the companies working 32:34.400 --> 32:38.340 together in order for successful a punish a program. That's how 32:38.340 --> 32:42.400 it works they could you please describe how you are working with 32:42.400 --> 32:45.250 the community colleges in the government in Minnesota the on 32:45.250 --> 32:49.670 a there is a program that has been that developed a called high-flying. 32:50.180 --> 32:53.370 I can't ups taken out that the did that they have or stations 32:53.370 --> 32:57.060 albeit but that we all very welcome a in mean assault the we 32:57.060 --> 33:01.830 we're working there weren't together a was with sees a false 33:01.830 --> 33:05.880 abilities and uh I just would like to mention one thing it. 33:06.680 --> 33:10.240 This program is not that the private sector has to wait for the 33:10.240 --> 33:11.380 state of the government. 33:12.320 --> 33:16.290 To seize the private sector the past to drive it and the government 33:16.290 --> 33:20.930 would follow so wifi uses hauled negation to do something it's 33:20.930 --> 33:24.560 not that we have to wait for the government me fu had that we 33:24.560 --> 33:29.660 are a wary. Well treated and indie free goal. I had a the people 33:29.660 --> 33:32.790 at least in the main assault off were stepping all my and I'm 33:32.790 --> 33:36.390 falling up so we have some very good experiences. 33:37.000 --> 33:39.760 One thing is it's exciting for example is the desert also was 33:39.760 --> 33:43.220 a part of the announcement in terms of rolling out an apprenticeship 33:43.220 --> 33:46.610 program for them and what I think is an impact full is is in 33:46.610 --> 33:50.370 Switzerland you have people Gore being were practices whether 33:50.370 --> 33:55.570 it is and I teat whether it is in many factions whether it is 33:55.600 --> 33:58.860 and insurance it's in all of these different areas and I think 33:58.860 --> 34:03.500 that it will do a terrific job for example of Zurich collaborating 34:03.530 --> 34:08.720 with a local community college in Chicago to push the us definition 34:08.870 --> 34:12.830 of cruel can be an apprentice up out as a cut to ship work in 34:12.830 --> 34:15.940 a lot of different sectors and the committee colleges in the 34:15.940 --> 34:19.200 development of curriculum within those colleges will be very 34:19.200 --> 34:23.010 critical they need to do it and partnership with the company's 34:23.040 --> 34:27.130 into which those employees will ultimately go to the students 34:27.130 --> 34:28.190 will ultimately go. 34:29.710 --> 34:30.310 This place. 34:32.470 --> 34:36.170 This is detroit one candidate eight pm started if I steal the 34:36.170 --> 34:39.530 limelight from to sleaze companies was on it and I just want 34:39.530 --> 34:43.730 to know it's of great timing sleaze has a huge empty I in the U.S. 34:43.730 --> 34:47.570 sent in and this the made king I would like to known Q having 34:47.570 --> 34:51.750 a a plan for was a country like china. I think if low sleaze 34:51.750 --> 34:52.770 say is the least that. 34:53.450 --> 34:57.170 Controversial probably china is a comedy a lot of controversy 34:57.200 --> 35:00.840 50 I come into this country are those a lot of politics soul 35:00.840 --> 35:04.660 was sort of a would there you sit up to us eight extends sought about. 35:04.660 --> 35:07.590 Welcome a massive that the chinese ambassador bring it group 35:07.590 --> 35:11.600 of chinese on triplow that I can this set and especial lays say 35:11.730 --> 35:15.070 the now in the congress of pressure to this the message it has 35:15.070 --> 35:18.860 been married back to lamar units the going back to china is it's 35:18.860 --> 35:23.000 like a tiny that's de is not. Welcome here and uh if you look 35:23.000 --> 35:27.420 at of the war Dawson in all per chase and the if that does federal 35:27.420 --> 35:30.910 government said a committee sort of were investigate the case 35:30.910 --> 35:34.660 is so I don't seem to differ. So recent the going to buy it may 35:34.660 --> 35:39.630 not that trigger sort of investigation soul. So what uh what 35:39.660 --> 35:43.300 kind of a messy do wonder saved too trendy. The ambassador pod 35:43.300 --> 35:45.140 attending the set up to the sh and kill. 35:45.680 --> 35:48.040 Thank you so much for your question a. 35:48.880 --> 35:52.830 Great sake waiting to what happened in 20 13 at that in a given 35:52.830 --> 35:53.950 selector say summit. 35:54.460 --> 35:57.050 The lodges to delegation off investors. 35:57.590 --> 35:58.470 Was from china. 35:59.370 --> 36:04.840 We had 100 companies come from china and we're expecting began 36:05.100 --> 36:10.890 in 2015 this yet uh if it's not the largest it may be it's probably 36:10.890 --> 36:14.370 nepal to we believe lout would be the dedication from china. 36:14.880 --> 36:19.270 Uh oh we believe that that the opportunities for chinese businesses. 36:19.780 --> 36:24.410 Are in the United States market I'm no different than for opportunities 36:24.410 --> 36:28.970 for businesses from any other part of the world. So all I'm we 36:28.970 --> 36:33.110 had to start someplace. So Switzerland was the first I cannot 36:33.110 --> 36:38.220 imagine uh. I that tying that uh is not going to be some a now 36:38.250 --> 36:42.280 a at some point a to be doing the same thing. I'm the last point 36:42.280 --> 36:44.450 I would like to say is over the last five aid. 36:45.010 --> 36:50.090 The sexier seat average a vague of grohl of the year over year 36:50.090 --> 36:54.740 growth china is leading the pac 10 as noble one increase in foreign 36:54.740 --> 36:57.720 direct investment into the United States sell. 36:58.310 --> 37:02.920 The facts are that jenny's companies the find it very attractive 37:03.210 --> 37:06.240 because their market markets for their products and services. 37:06.830 --> 37:09.680 Are here a seven dating blast trillion dollar economy. 37:09.680 --> 37:13.990 That's going growing at the the full% annually with millions 37:13.990 --> 37:17.470 and millions a cut 320 medium consume us in the United States 37:17.720 --> 37:21.960 deaf 20 free trade agreements one-night deal. A pack far for 37:21.990 --> 37:25.970 export with chinese companies CEO of chinese companies are very 37:25.970 --> 37:28.660 interested in attracted that the U.S. bike the 37:30.110 --> 37:33.570 We look for dual out welcoming the chinese delegation in march 37:33.570 --> 37:35.230 three expected to be tumble wanna get. 37:36.380 --> 37:40.220 So I do any to pies and then I can say afterwards to answer question 37:40.220 --> 37:43.090 a little bit but I wanna be sensitive to people who have schedules 37:43.090 --> 37:46.560 and also those who may wanna go in and speak with a feta process 37:46.560 --> 37:47.140 china come on. 37:47.720 --> 37:51.640 Thank you will so much for being here and for your investment 37:51.640 --> 37:54.440 and dedication to the relationship of the United States. 37:54.440 --> 37:56.620 We're looking forward to helping your businesses grow. 37:57.200 --> 38:00.620 And thank you while for your very thoughtful questions and we 38:00.620 --> 38:03.640 look for to an ongoing dialogue with you and thank you so much 38:03.640 --> 38:08.000 been a we're helping provide a vehicle for this kind of not think 38:08.220 --> 38:11.270 this kind of conversation the most welcome and bassett and welcome 38:11.270 --> 38:14.270 to olympia quote. Great success. Thank you very much..