1HWZRUN 6 *(·V FRUH FRPSHWHQFH LV H燘FLHQW DQG VXV WDLQDEOH LQWHUQDWLRQDOL]DWLRQ SURPRWLRQ $ VWURQJ QDWLRQDO DQG LQWHUQDWLRQDO QHWZRUN ZKLFK LV FRQWLQXRXVO\ FRQVROLGDWHG DQG H[WHQGHG DQG ZKLFK FRQVLVWV RI LQWHUQDWLRQDOL]DWLRQ H[SHUWV NQRZOHGJH FDUULHUV DQG SULYDWH DV ZHOO DV SXEOLF RUJDQL]DWLRQV IRUPV WKH EDVLV RI VXFFHVVIXO DFWL YLWLHV WR DVVLVW FRPSDQLHV IURP 6ZLW]HUODQG DQG /LHFKWHQVWHLQ
1(7:25. $%52$' *RRG LQWHUQDWLRQDO SRVLWLRQ DQG JOREDO QHWZRUN $W WKH HQG RI 6 *(·V LQWHUQDWLRQDO QHWZRUN LQFOXGHG 6ZLVV %XVLQHVV +XEV 7KH XSJUDGLQJ RI WKH EDVH LQ ,VWDQEXO DQG WKH WUDGH R猨FH LQ 0H[LFR &LW\ WR 6ZLVV %XVLQHVV +XEV UHSUHVHQWHG IXUWKHU VWHSV LQ VXSSRUWLQJ WKH 6ZLVV HFRQRP\ LQ LWV H[SDQVLRQ LQWR JURZWK DQG NH\ PDUNHWV ,Q DGGLWLRQ WR WKH FRPSUHKHQVLYH QHWZRUN 6 *( DOVR ZRUNHG FORVHO\ ZLWK ELODWHUDO FKDP EHUV RI IRUHLJQ WUDGH 6 *( HODERUDWHG D QHZ FRRSHUDWLRQ DJUHHPHQW ZLWK WKH )HGHUDO 'HSDUWPHQW RI )RUHLJQ $IIDLUV ')$ DQG 6(&2 ZKLFK ZLOO IXUWKHU VWUHQJWKHQ WKH FRPPRQ SURFHGXUHV DQG SURFHVVHV IURP RQZDUGV DQG ZKLFK VSHFLÀHV D VLPSOLÀHG H[SDQVLRQ RI WKH H[WHUQDO QHWZRUN ,Q WKLV FRQWH[W WKH FRQWUDFWV ZLWK HPEDVVLHV KRXVLQJ D 6ZLVV %XVLQHVV +XE ZHUH DOVR XSGDWHG DQG UHQHZHG $WWUDFWLYH WUDLQLQJ SURJUDPPH 7KH $FDGHP\ IXUWKHU H[SDQGHG LWV UDQJH RI WUDLQLQJ VHUYLFHV IRU LWV RZQ HPSOR \HHV DQG WKRVH RI SDUWQHU RUJDQL]DWLRQV SDUWLFLSDQWV IURP WKH 'HSDUWPHQW RI )RUHLJQ $IIDLUV ')$ IURP GLIIHUHQW FDQWRQV DQG IURP 6 *( ZHUH WUDLQHG GXULQJ GD\V RI VHPLQDUV )ROORZLQJ WKH SRVLWLYH H[SHULHQFHV ZLWK WKH UHJLRQ VSHFLÀF ZRUNVKRS IRU ELODWHUDO 6ZLVV FKDPEHUV RI FRPPHUFH LQ /DWLQ $PHULFD D ZRUNVKRS ZDV DOVR RUJDQL]HG IRU WKH 6ZLVV FKDPEHUV RI FRPPHUFH LQ (XURSH IRU WKH À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©&HUWLÀHG ([SHUWV ª &RPSDQLHV FDQ XVH WKH ([SHUW 'LUHFWRU\ WR ÀQG D VXLWDEOH ORFDO H[SRUW H[SHUW HDVLO\ TXLFNO\ DQG IUHH RI FKDUJH
1(7:25. ,1 6:,7=(5/$1' +XE IRU DFWLYLWLHV LQ )UHQFK VSHDNLQJ 6ZLW]HUODQG HYHQWV LQYROYLQJ PRUH WKDQ SDUWLFLSDQWV 6 *(┬╖V /DXVDQQH RчМиFH RU JDQL]HG D VHULHV RI VXFFHVVIXO HYHQWV LQ ZRUNLQJ ZLWK SDUWQHUV ZLWK FKDPEHUV RI FRPPHUFH DQG LQGXVWU\ SODWIRUPV DQG ZLWK FDQWRQDO HFRQRPLF GHYHORSPHQW DJHQFLHV IRU ZKLFK FRQVXOWDQF\ VHVVLRQV ZHUH SURYLGHG DQG GHOHJDWLRQ WULSV DEURDG RUJDQL]HG Ticino looking towards China and the Middle East 7KH IRFDO SRLQW RI VHYHUDO HYHQWV RUJDQL]HG MRLQWO\ E\ 6 *( LQ /XJDQR DQG WKH 7LFLQR &KDPEHU RI ,QGXVWU\ DQG &RPPHUFH ZDV IUHH WUDGH DJUHHPHQWV WZR HYHQWV LQYROYLQJ SDUWLFLSDQWV GHDOW ZLWK WKH IUHH WUDGH DJUHHPHQW ZLWK &KLQD DQG RQH LQYROYLQJ SDUWLFLSDQWV FRQFHUQHG WKH IUHH WUDGH DJUHHPHQW ZLWK WKH *XOI 6WDWHV 7LFLQR FRPSDQLHV DUH DOVR VKRZLQJ LQFUHDVLQJ LQWHUHVW LQ 5XVVLD DQG 7XUNH\ $V SUHYLRXVO\ WKH MRLQW QHZVOHWWHU ZLWK WKH &KDPEHU RI ,QGXVWU\ DQG &RPPHUFH LV DV DQ RSWLPXP VRXUFH RI LQIRUPDWLRQ ,W UHDFKHV QHDUO\ UHSUHVHQWDWLYHV RI WKH 7LFLQR H[SRUW LQGXVWU\ Valuable cooperation and partnerships ,Q 6 *( IXUWKHU LQWHQVL├АHG LWV FRRSHUDWLRQ ZLWK DVVRFLDWLRQV DQG SDUW QHUV 7KH UHOHYDQW LQGXVWU\ DVVRFLDWLRQV ZHUH LQYROYHG LQ EXLOGLQJ XS WKH NH\ OLIH VFLHQFHV LQGXVWU\ ┬▓ WR SURYLGH LQGXVWU\ VSHFL├АF LQWHUQDWLRQDOL]DWLRQ VHU YLFHV 7KLV DSSURDFK KDV DOUHDG\ SURYHQ LWVHOI LQ WKH HVWDEOLVKPHQW RI WKH NH\ IRRG DQG ,&7 LQGXVWULHV DQG LV DSSUHFLDWHG E\ FOLHQWV DQG RUJDQL]DWLRQV DOLNH ,Q RUGHU WR DGGUHVV WKH LQFUHDVLQJ FRPSOH[LW\ RI LQWHUQDWLRQDOL]DWLRQ LVVXHV 6 *( UHOLHG HYHQ PRUH RQ FRRSHUDWLRQ ZLWK SULYDWH SURYLGHUV VSHFLDOL]LQJ LQ FHUWDLQ ├АHOGV LQ 6SHFLDOL]HG NQRZOHGJH LV EHLQJ GHYHORSHG ZLWK WKH SUH PLXP SDUWQHU &UHGLW 6XLVVH DQG WKH VWUDWHJLF SDUWQHUV ;/ *URXS 6$3 '+/ DQG 3Z& IRU WKH UDQJHV RI VHUYLFHV RIIHUHG E\ 6 *( Regionalization pushed forward :RUNLQJ ZLWK WKH 6ZLVV &KDPEHUV RI ,QGXVWU\ DQG &RPPHUFH 6 *( RUJDQL]HG LQIRUPDWLRQ HYHQWV VR FDOOHG H[SRUW GLDORJXHV ODVW \HDU SHRSOH WRRN SDUW LQ WKH H[SRUW GLDORJXHV LQ *HUPDQ VSHDNLQJ 6ZLW]HUODQG )UHQFK VSHDNLQJ 6ZLW]HUODQG DQG 7LFLQR ,Q DGGLWLRQ WR WKH FRRUGLQDWLRQ PHHWLQJV RI WKH LQWHU QDO QHWZRUN ZRUNLQJ JURXS 6 *( KHOG PHHWLQJV GLUHFWO\ ZLWK YDULRXV FKDP EHUV RI LQGXVWU\ DQG FRPPHUFH
1(7:25. $7 $ */$1&( V JH FRP PDS
Contract with Liechtenstein renewed 6 *( VLJQHG DQRWKHU WKUHH \HDU FRQWUDFW ZLWK WKH /LHFKWHQVWHLQ 2чМиFH RI (FRQRPLF $IIDLUV WR VXSSRUW H[SRUWLQJ 60(V 6 *( KHOG FRXQWU\ FRQVXOWLQJ GD\V LQ /LHFKWHQVWHLQ GHDOW ZLWK SDUW RI WKH DJHQGD DW WKH H[SRUW PDUNHW SODFH LQ 6FKDDQ DQG LQFUHDVHG FRRSHUDWLRQ ZLWK WKH ┬й/LHFKWHQVWHLQ )DWKHUODQG┬к 7KH 2чМиFH RI (FRQRPLF $IIDLUV LVVXHG H[SRUW FKHTXHV ZRUWK IUDQFV HDFK WR FRPSDQLHV LQ /LHFKWHQVWHLQ WR DOORZ WKHP WR SDUWLFLSDWH LQ DQ LQWHUQDWLRQDO WUDGH IDLU RU RQH RI 6 *(┬╖V FRQVXOWLQJ PDQGDWHV 6XEVLGLHV IRU WUDGH IDLUV DQG SURMHFWV DEURDG 7UDGH )DLU DQG 3URMHFW &RPPLWWHH
7R KHOS FRPSDQLHV WR KDYH DQ LQWHUQDWLRQDO PDUNHW SUHVHQFH 6 *( SURYLGHV VXEVLGLHV IRU MRLQW SURPRWLRQV DEURDG )LQDQFLDO EHQH├АWV WR DVVLVW DQ LQGXVWU\ RU WKH HFRQRP\ LQ 6ZLW]HUODQG RU /LHFKWHQVWHLQ DUH GLVFXVVHG XSRQ DSSOL FDWLRQ E\ WKH 7UDGH )DLU DQG 3URMHFW &RPPLWWHH ZKLFK LV LQGHSHQGHQW RI WKH 6 *( ,Q D WRWDO RI SURMHFW DSSOLFDWLRQV ZHUH IXQGHG :H WKHUHIRUH SURYLGHG ZHOO RYHU FRPSDQLHV ZLWK HIIHFWLYH DVVLVWDQFH ZLWK WKHLU H[SRUW DFWLYLWLHV
$118$/ 5(3257
(;3257 &+(48(6
1(7:25.
IRU 60(V IURP /LHFKWHQVWHLQ
6:,66 %86,1(66 +8%6 $5281' 7+( :25/'
6ZLW]HUODQG *OREDO (QWHUSULVH 2чМиFHV LQ =XULFK /DXVDQQH DQG /XJDQR
(;3(57 ',5(&725<
LQ HPEDVVLHV RU FRQVXODWHV
LQ FKDPEHUV RI FRPPHUFH
LQWHUQDWLRQDOL]DWLRQ H[SHUWV
&HUWL├АHG ([SHUWV
&RQWUDFWLQJ DXWKRULWLHV 6WDWH 6HFUHWDULDW IRU (FRQR PLF $IIDLUV 6(&2
FDQWRQV
%,/$7(5$/ &+$0%(56 2) )25(,*1 75$'(
$&$'(0<
FRXUVH GD\V
SDUWLFLSDQWV
$662&,$7,216 ,&7 )RRG /LIH VFLHQFHV
3UHPLXP SDUWQHU &+$0%(56 2) ,1'8675< $1' &200(5&(
H[SRUW GLDORJXHV
&UHGLW 6XLVVH 6WUDWHJLF SDUWQHUV
75$'( $1' ,19(670(17 2)),&(56 $%52$'
3$571(56+,36
&RXUVH DVVHVVPHQW PDUN +LJK OHYHO RI TXDOLW\
'+/ 6$3 ;/ *URXS 3Z&
SDUWLFLSDQWV
$118$/ 5(3257