Summary: Supporters argue that an anchored neutrality brings Switzerland economic advantages: trade with all sides, location security and protection of the financial centre. Opponents, however, see the sanctions ban as a risk for secondary sanctions and the economic location.
Historically, economic openness towards all trading partners has been a strength of Switzerland. The sanctions ban (Art. 54a para. 3) would constitutionally enshrine this tradition [1].
Economiesuisse and business associations argue against the initiative. The NZZ comments: "Codified neutrality offers no protection for the business location -- on the contrary." The sanctions ban could lead to secondary sanctions from the USA/EU (see Disadvantages: Sanctions Ban) [3].
[1] Federal Chancellery (2024). Initiative Text. [Open Access]
[2] swissinfo.ch (2024). International Geneva. [Open Access]
[3] NZZ (2026). Codified neutrality offers no protection. [Open Access] Note: Opinion piece
Last updated: March 2026