Swiss companies to invest $200 billion in US by 2028, document says

Nov 14 (Reuters) - Swiss companies are planning direct investments in the U.S. amounting to $200 billion by the end of 2028, the Swiss government said on Friday, as part of a tariff agreement reached with Washington.

"This should also include efforts to strengthen vocational education and training," the government said in a declaration of intent.

Additionally, Switzerland will reduce import duties on a range of U.S. products, including all industrial products, fish and seafood and "non-sensitive" agricultural products, according to the document.

"Under the agreement, Switzerland will grant the U.S. duty-free bilateral tariff quotas on selected US export products: 500 tonnes for beef, 1,000 tonnes for bison meat and 1,500 tonnes for poultry meat," it said.