Swiss Senate approves free trade agreement with India
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Swiss Info - 03 December 2024
Swiss Senate approves free trade agreement with India
The Senate reached its decision by 41 votes to 0 with three abstentions. The matter will now go to the National Council.
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.