Switzerland’s Economic Boost: Free Trade Pact with India

Almost 16 years after the start of negotiations on the free trade agreement between the EFTA states and India, a basic agreement has been reached. An agreement with India should create jobs for India’s young population and secure Switzerland as a business location, as Parmelin said in an interview with the Sonntags-Zeitung newspaper published on Sunday. For Swiss companies, universal market access is vital. “The free trade agreement between Switzerland and India is within reach. This is excellent news for the #tech industry,” said Swissmem, the umbrella organization of the Swiss tech industry, in response to the news from India on the short message service X. Swissmem is supporting Guy Parmelin (Federal Councillor for Economic Affairs) “in the final spurt to conclude with the greatest possible reduction in customs duties for our products.

Source: Keystone-SDA