Switzerland Trade Agreements

October 9th, 2021

Free trade agreements have reduced the prices of products for Swiss consumers and increased the supply of products. At the same time, Swiss producers benefit from lower prices for semi-produced products and raw materials. See the list of minimum transactions in Article 7 of the Protocol on Rules of Origin in the text of the trade agreement between the United Kingdom and Switzerland. In 2004, a number of other sectoral agreements (known as “bilateral II”) were signed, including Switzerland`s participation in Schengen and Dublin, as well as agreements on the taxation of savings, processed agricultural products, statistics, the fight against fraud, participation in the EU media programme and the Environment Agency. Switzerland concludes most of its free trade agreements within the framework of the European Free Trade Association (EFTA). Outside the framework of EFTA, there are free trade agreements with the EU, China and Japan in Switzerland. In 1972, Switzerland signed a free trade agreement with the then European Economic Community, which entered into force in 1973. [2] The United Kingdom has signed a trade agreement with Switzerland. You should inquire with the competent customs authorities about your trade between the United Kingdom and Switzerland. In particular, the rules of origin agreed under the trade agreement between the United Kingdom and Switzerland will be reviewed no later than thirty months after the entry into force of the trade agreement. China`s concessions under the CSFTFT on financial and insurance services – another important interest of Switzerland and the EU – are weak. Negotiations between Switzerland and the European Commission for an institutional framework agreement began in 2014 and ended in November 2018. On 7 December 2018, the Federal Council adopted the decision not to accept or reject the negotiated agreement, but to opt for public questioning.

[18] The negotiated agreement[19] would cover five areas of the existing 1999 EU-Switzerland agreements: the concessions granted by China under the CSFTFT were even more limited than for trade in goods. The service plan of the Sino-Swiss agreement largely reflects the service plan of China`s protocol of accession to the WTO (where – it should be emphasized – China has made significant commitments in relation to established WTO members). . . .

Comments are closed.