Free trade agreement with India: a milestone for Swiss foreign trade
- Introduction Executive summary | Positions of economiesuisse
- Chapter 1 The three most important points of the free trade agreement with India
- Chapter 2 India – a sleeping giant has awoken
- Chapter 3 EFTA-India free trade agreement: How does the Swiss economy benefit?
- Chapter 4 Bilateral trade between Switzerland and India
- Chapter 5 Swiss direct investment in India
- Chapter 6 India's FTA negotiations with the EU and UK
The EFTA free trade agreement with India provides Switzerland as an export nation with greatly improved market access. India, in turn, will become more attractive for Swiss investments thanks to lower import duties. The South Asian country expects this to improve its own competitiveness. This is crucial for the creation of millions of new jobs for India's young population.
Content
- Introduction Executive summary | Positions of economiesuisse
- Chapter 1 The three most important points of the free trade agreement with India
- Chapter 2 India – a sleeping giant has awoken
- Chapter 3 EFTA-India free trade agreement: How does the Swiss economy benefit?
- Chapter 4 Bilateral trade between Switzerland and India
- Chapter 5 Swiss direct investment in India
- Chapter 6 India's FTA negotiations with the EU and UK
Executive summary
The EFTA free trade agreement with India is Europe's first with the emerging country. The Swiss economy supports this agreement. It gives our export nation better market access to an economy with an annual growth potential of 6 to 9 per cent. Import duties will fall significantly in the coming years. The protection of intellectual property has also been improved. However, further steps will be needed in the future.
Positions of economiesuisse
The EFTA free trade agreement with India is a milestone for Swiss foreign trade policy:
- Switzerland as an export nation will gain better market access for goods and services.
- The protection of intellectual property is improved.
- Both sides want to work together in the area of climate protection.
- Switzerland gets the opportunity to share in the economic potential of the world's most populous country.
- The free trade agreement currently gives Swiss companies an important competitive advantage over their competitors from the EU and UK.
