Indonesia signed an economic agreement with EFTA, tariffs and non-tariff barriers would be eliminated for thousands of products between Indonesia and the EFTA countries.
Indonesia - EFTA trade deal will be signed, 98 per cent of Swiss exports to Indonesia will be exempt from customs duties over the coming years.
The Indonesian government has wrapped up negotiations for a free trade and investment pact with members of the four-nation European Free Trade Association, a final agreement is due to be signed in December.
Swiss and Norwegians civil society groups addressed their serious concerns over TRIPS-plus provisions being included in the trade agreement under negotiation between the European Free Trade Association (EFTA) and Indonesia.
In many countries, the implementation of the TRIPS-plus measures has significantly increased the cost of medicines.
On 1 November, negotiations on a free trade agreement between EFTA and Indonesia were concluded in substance, with Switzerland acting as lead negotiator. The agreement means 98% of Swiss goods will be exempt from customs duties in medium term.
The five countries are expected to announce the completion of the negotiation in a ministerial meeting in Geneva, Switzerland on Nov. 23.
The Swiss Senate has narrowly voted against proposals to exclude palm from any free trade agreement with Malaysia and Indonesia.
The chief negotiator of Indonesia sits on the board of directors of the Indonesian company Astra Agro Lestari, one of the country’s largest palm oil producers.
L’Indonésie n’exige plus l’abolition de droits de douane à l’importation de son huile de palme, produit contesté en Suisse, et accepte des règles strictes en matière de propriété intellectuelle.
The intersessional exchanges and the second half of the 15th round allowed delegations to conclude negotiations in most areas, subject to legal review of the texts, leaving only a few areas where some open issues and follow-up work remain.
The EFTA states would like to abolish all industrial tariffs in trade with Ecuador, facilitate trade in services, and secure investments. These are all provided for in the free trade agreement, which has now been signed in Iceland.
Eleven Swiss groups have called on parliament to refrain from ratifying a revised free-trade agreement with Turkey. They cited the country’s current political climate and human rights situation.
Turkey and the European Free Trade Association (EFTA) will sign a new Free Trade Agreement (FTA) at EFTA Trade Ministers Conference.
The Swiss Farmers’ Union, on the other hand, has made its position very clear: it is against a free-trade deal.
The agreement will allow export of shrimp and tuna products to EFTA countries with a zero export tariff.
Swiss economics minister Johann Schneider-Ammann has arrived in Brazil on a six-day visit to the region aimed at boosting talks on a free trade agreement with the South American economic area Mercosur.
Fifteen Swiss organisations have called on the Federal Council to suspend negotiations on expanding its free trade agreements with Turkey until the country releases all its political prisoners.
Georgia and EFTA states - Iceland, Liechtenstein, Norway and Switzerland – signed the free trade agreement in June 2016.
Voting 19-0, the Senate on Monday, March 5, concurred in the ratification of the free trade agreement (FTA) between the Philippines and the European Free Trade Association (EFTA) states, composed of Iceland, Liechtenstein, Norway, and Switzerland.