The fear of having other countries steal a march on Washington by signing their own deals may bring Congress back to the bilateral trade negotiating table.
Switzerland has moved closer to sealing a free trade agreement with India following a business delegation visit led by Economics Minister Doris Leuthard.
The Swiss government on Friday said it will negotiate a free-trade agreement on agricultural products and food with the European Union in a bid to increase competition in the sector.
The influential umbrella group of the Swiss pharmaceutical and chemical industries has demanded that the government act to remove global trade barriers. It said such demands should be made when creating free trade agreements with selected countries, preferably Brazil, Russia, India and China, as well as the United States.
The biggest trade storm of late between the US and Switzerland has been the failure to establish a free trade agreement between the two countries. Negotiations broke down last year over agriculture.
India is likely to sign an agreement with Switzerland on intellectual property rights (IPRs) to improve the bilateral economic cooperation with Switzerland.
Swiss Economics Minister Doris Leuthard will not return home from her four-day visit to China totally empty-handed. Leuthard said she was satisfied with the results of the trip and the signing of a declaration aimed at establishing a free trade accord was the "highpoint".
Swiss Economic Affairs Minister Doris Leuthard and Chinese Commerce Minister Bo Xilai pledged in Beijing to study the feasibility of a free trade deal.
The latest in a series of local networking and consulting organisations, set up by Switzerland’s official export promotion agency, has been opened in Pretoria.
Switzerland is the first European country with which Japan negotiates an FTA.
"I will lead a large business delegation to China in June, and will try to give support so that China opens negotiations with Switzerland," Leuthard told the Neue Zuercher Zeitung am Sonntag newspaper in an interview.
The Swiss government on Friday approved a mandate for negotiations on a comprehensive economic partnership and free trade agreement (FTA) between Switzerland with Japan.
India is in talks with four European countries - Switzerland, Norway, Iceland and Liechtenstein - to strike a comprehensive economic agreement that would facilitate free trade relations. Switzerland is also trying to set up a working group with India on intellectual property rights and also seeking to enhance cooperation in science and technology fields.
Pakistan and Switzerland have decided to initiate negotiations for a Free Trade Agreement.
Why Switzerland? Why not?
Switzerland is looking to boost its free trade accords with other countries following the collapse of world trade talks, says the country’s top economics official.
Switzerland’s Economics Minister, Joseph Deiss, led a business delegation comprised of senior officials from Novartis, Credit Suisse, SACC and Economy Swiss, to Malaysia.
Switzerland and Colombia signed two agreements in Bern on 17 May 2006. The first was an agreement on the promotion and reciprocal protection of investments between Switzerland and Colombia. The second was a Declaration on Cooperation between the European Free Trade Association (EFTA) and Colombia.
Parliament is due to discuss a free-trade accord between Switzerland and South Korea - the latest such deal aimed at liberalising economic ties abroad.
Saudi Arabia and Switzerland plan to sign an investment protection agreement during the visit of Swiss Minister of Economy Joseph Deiss to the Kingdom on April 1 this year.