Coffee, with a local flavour.Switzerland is world-famous for chocolate and cheese, yet its relationship with coffee may come as a surprise: According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent Tages-Anzeiger daily newspaper report, three-quarters of the global coffee trade flows through this tiny Alpine nation. As with oil and other commodities, most of the coffee isn't physically imported. Rather, traders steer 75 per cent of the global trade flow through Switzerland. The country established itself as a major centre of the global commodities market after World War II, and expanded its role further during a boom in the 1960s. The country's infrastructure around Lake Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. was ideal, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. were within immediate reach, and traders had easy access to diplomatic representation, legal security and tax benefits. Nor could Switzerland's neutrality during the Cold War be overlooked. Each is still an important factor today. And, "among other things, we do not have to provide value added tax value added tax n (BRIT) → impuesto sobre el valor añadido or agregado (LAM) value added tax n (Brit [VAT] accounts," said Renaud de Kerchove of the ECOM ECOM Electronic Commerce ECOM Emergency Communications ECOM Electronics Command (Army) ECOM Emission Control ECOM Electronic Computer-Originated Mail ECOM United States Army Electronics Command ECOM Ethernet Communication Module Agro-industrial commodity trading company in Pully. "In the EU it would be otherwise, even if the tax is refunded. That means a lot of work for nothing." [ILLUSTRATION OMITTED] Switzerland's geographic location is also part of its attraction. "In the morning I can telephone with Asia, during the day with Africa, and in the afternoon with Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. ," explained Starbucks buyer Stephan Erard, in Lausanne. Players in this coffee trading market fall into two categories. There are the independent powerhouse dealers like Volcafe and Bernhard Rothfos Intercafe that have their global purchasing headquarters in Switzerland, and then there are the firms that purchase coffee for their parent companies. Some of the big names include Taloca, purchasing for Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for , and Decotrade, purchasing for Sara Lee. Starbucks' global purchasing centre is in Lausanne. Here, quality control is conducted similarly to a wine tasting Noun 1. wine tasting - a gathering of people to taste and compare different wines assemblage, gathering - a group of persons together in one place wine tasting n → degustación f de vinos where the liquid is swished--not swallowed--then spit back out. And sometimes up to 600 times per day for testers like Laurence Pawelczyk. If just one of six samples isn't as tasty as it should be, the coffee will get shipped back to the seller. Not only do the quality controllers' taste buds need to be satisfied. The beans must be visually convincing as well. Typically, a sample of green coffee beans is selected, roasted for 10-12 minutes, and if the appearance doesn't conform to established standards for each variety of beans back it goes. |
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