I don't think it's Swiss manufacturing (high value add, high skill) which is the problem -- it's services. And a lot of that isn't exposed to import substituti

I don't think it's Swiss manufacturing (high value add, high skill) which is the problem -- it's services. And a lot of that isn't exposed to import substitution. It absolutely does make sense to import high-end high value add products which reduce labor, if you're in an artificially high labor cost environment.