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Swiss parliament approves Mercosur free trade deal

Parliament has approved the EFTA free trade agreement with the Mercosur countries. Following the Senate, the House of Representatives has also approved a compromise under which the agricultural sector will receive half a billion Swiss francs in support. The final say is likely to rest with the people. On Wednesday, the House of Representatives approved the agreement by 118 votes to 66, with 10 abstentions. The left-wing Social Democrats and the Greens voted against the deal, with a few dissenters from the right-wing Swiss People's Party. Free trade with the Mercosur economic bloc will comes at a price, however. The government will have to provide an additional CHF517 million in support for the Swiss agricultural sector - that was strongly against the deal with Mercosur - over six years. Disagreement over rainforest projects The Social Democrats unsuccessfully called for a consultation process to be held on the extra financial support for agriculture. The minority motion tabled by ... Full story here Are you the author?
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