Why is Switzerland important in the commodity trading sector?
Tiny landlocked Switzerland is a big player in the commodity trading business. The country's involvement in this industry can be traced back to the 15th century, when its ideal central location had merchants from all over Europe meeting on its city square to exchange goods.
Today, commodities are shipped around the world in huge container ships, and the trading mostly happens in climatised offices, far away from the mines and ports. Giants such as Glencore, Vitol and Trafigura have their headquarters in Switzerland.
But what is commodity trading exactly, and who is doing what? What's the impact of this industry on Switzerland's economy? Why is commodity trading usually discussed in connection to controversial topics such as deforestation, human rights violations, and corruption?
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Пікірлер: 12
It is very important to understand how the products are being produced. Certifications could avoid or minimize the risk of trading products that use child labor, exploitation, and so on. I am a farmer in Brazil and in our region, all producers are certifying SMETA and Global GAP to guarantee to the consumers that our Mango is being produced respecting the environment, the children, and our workers. We know that soon it will differentiate who wants to export to developed countries from who will export. Nice video.
1:30 soft and hard commodities: grow vs. mine 2:05 trade happens through paperwork due to agreed standards. 2:35 futures (vs. forwards) 7:30 commodity trading is often criticised for its role in facilitating corruption, environmental damage and human right violations. 8:25 raw material are mostly sourced in political unstable countries.
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Insightful
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Excellent video
@swissinfo
10 ай бұрын
Thank you very much!
God bless you swiss
@rammahesh3349
2 жыл бұрын
@@stopthehatemedialoveeachot442 don't worry market will take care of zombie companies who exploit customer
@rammahesh3349
2 жыл бұрын
@@stopthehatemedialoveeachot442 the US defense industry lobby terribly failed in Afghanistan and it will fail in Syria, taiwan and lebanon. The woke America and it's global system will fail don't worry 😊
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What ya doin?