The negotiations on the Free Trade Agreement between India and Switzerland will resume in February this year when the Swiss trade secretary will be on a visit to New Delhi.
Switzerland advocated for the quick completion of negotiations regarding the free trade agreement between the EFTA and India in a recent meeting held between Swiss federal councillor Ueli Maurer and Indian finance minister Nirmala Sitharaman in New Delhi.
India hasn’t shunned efforts to forge “balanced” trade agreements despite renewed push for self-reliance, and talks with key partners, including the US, the EU and Australia, will gain momentum once the impact of the pandemic wanes considerably.
South Korea has secured 16 free trade partners — 12 countries and four trade blocs — around the globe since it started pursuing bilateral free trade agreements two decades ago.
India is making efforts to speed up free trade negotiations with the EFTA countries comprising Switzerland, Norway, Iceland and Leichtenstein in parallel with its discussions with the European Union on a similar pact.
Several new trade pacts that cater to transnational corporations, like the Regional Comprehensive Economic Partnership or the proposed deals pending with Europe, threaten to radically change the map and wipe out India’s small dairy producers.
India and the European Free Trade Association (EFTA) countries are working on the nuts and bolts of their free trade agreement
The two leaders will also discuss, among other trade and business matter, the envisaged free trade agreement between India and the European Free Trade Association (EFTA), of which Switzerland is a member.
Under a free trade pact, partners offer market access to each other by eliminating or significantly reducing duties with a view to promoting bilateral trade in goods.
Switzerland insists on intellectual property commitments beyond TRIPS.
India and the European Free Trade Association (EFTA) will meet this month in an attempt to conclude their long pending negotiations, Commerce Minister Nirmala Sitharaman said here on Friday.
Through this deal, Swiss pharmaceutical corporations are working to erode India’s ability to produce and supply generic medicines for people across the developing world.
Switzerland is pushing for tighter patent protection, data exclusivity and dropping compulsory licencing under a new free trade agreement.
In this note, Switzerland is proposing that India agree to broader patentable subject matter, particularly as regards biologic products.
MSF and civil society urge Swiss negotiators not to undermine the ‘pharmacy of the developing world’
The trade pact talks had started in October 2008. So far, 14 rounds of negotiations have been held at the level of chief negotiators.
The long-stalled negotiations for a free trade agreement between India and the EFTA, a bloc of four European countries including Switzerland, are expected to resume this month.
India and the European Free Trade Association (EFTA) agreed to resolve the outstanding issues for resumption of negotiations for a proposed free trade agreement that were stuck on issues related with intellectual property rights.
India and Iceland on Tuesday agreed that a trade and economic partnership agreement between India and the EFTA countries would facilitate more economic relations between the two countries.
Switzerland today expressed hope that negotiations along with three other countries on broad-based trade and economic partnership agreement with India would resume at the earliest.