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Swiss Trade with Much of South America should Soon be Tarif Free

A deal agreed between EFTA and the South American Mercosur bloc, which includes Argentina, Brazil, Uruguay and Paraguay, with a combined population of 260 million, is close to signing.

© Tomas Griger | Dreamstime.com

EFTA includes Iceland, Liechtenstein, Norway, and Switzerland.

Under the deal, 95% of Switzerland’s CHF 3.6 million annual exports to the bloc would be tarif free.

The deal is important because the EU recently agreed a similar Mercosur deal, so this deal will maintain Switzerland’s current competitive position with EU exporters to the region.

Not everyone is happy. Switzerland’s farmers fear South American meat imports will affect the prices they receive for theirs. Switzerland’s 155,000 farmer produce around CHF 10 billion a year, around 1% of Switzerland’s GDP.

Full story here
About Le News
Le News
The newspaper Le News is a free, quality, local English language newspaper launched on 31 October 2013. Le News fills a gap in local Swiss media for the numerous English-speakers living and visiting Switzerland. In late January 2015 we decided to put our print medium on hold and focus on our digital media presence.
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Permanent link to this article: https://snbchf.com/2019/08/news-swiss-trade-south-america-tarif-free/

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