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Swiss Senate approves free trade agreement with India

Published on December 3, 2024

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Swiss Senate approves free trade agreement with India — Council of States approves free trade agreement with India Keystone-SDA

Generated with artificial intelligence.

The Swiss Senate is in favour of a free trade agreement between the European Free Trade Association (EFTA) and India. It was the first Swiss parliamentary chamber to approve the deal.

This content was published on December 3, 2024 - 11:21

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The Senate reached its decision by 41 votes to 0 with three abstentions. The matter will now go to the National Council.

+ Who benefits from FTAs with Switzerland?

In addition to Switzerland, the other EFTA member states are involved in the agreement: Iceland, Liechtenstein and Norway. Negotiations lasted around 16 years and a deal was signed in March.

India currently levies very high import duties on most goods. The agreement brings customs relief for 94.7% of current Swiss exports to the country, in some cases with transitional periods, said Swiss economics minister Guy Parmelin in September when presenting the dispatch to parliament.

Explainer: Will the India-EFTA pact be a ‘game-changer’?

This content was published on Mar 12, 2024 A look at the key details behind the recent India-EFTA free trade agreement.

Translated from German by DeepL/mga

This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.

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