Switzerland And Eu Trade Agreement

Free trade agreements are international treaties between two parties (countries or transnational groups) to ensure free trade. Trade in goods between the EU and Switzerland is particularly impressive at the international level: the value of imports and exports per working day is 1 billion francs. Switzerland participated in the negotiations of the EEA agreement with the EU and signed it on 2 May 1992 and applied for EU membership on 20 May 1992. In a Swiss referendum on 6 December 1992, membership of the EEA was rejected. Subsequently, the Swiss government suspended EU accession negotiations until further notice. By ratifying the second round of bilateral agreements, the Federal Council in 2006 lowered the characterisation of Switzerland`s full adherence to a “strategic objective” to an “option”. Membership continued to be the government`s objective and a “long-term goal” of the Federal Council until 2016, when Switzerland`s request, which had been frozen, was withdrawn. [25] [26] The request was adopted in June by the Council of States and then by the Bundesrat. [27] [28] [5] In a letter dated 27 July, the Federal Council informed the Presidency of the Council of the European Union that it was withdrawing its request. [29] These guidelines contain information on aspects of trade that will change as soon as the agreement between the United Kingdom and Switzerland comes into force. This is for British companies that trade with Switzerland. Free trade agreements aim to improve trade relations with key partners around the world.

They aim to remove or, at the very least, minimize barriers to international markets for the Swiss economy. The aim is to reduce tariffs and non-tariff barriers (for example. B technical regulations, packaging and labelling requirements, import quotas). Bilateral agreements I are expressed as interdependent. If one of them is pointed at or not renewed, they no longer apply to all of them. According to the preamble to the EU`s decision to ratify the agreements, there are currently more than 100 bilateral agreements between the EU and Switzerland. Switzerland`s economic and trade relations with the EU are mainly governed by a series of bilateral agreements in which Switzerland has agreed to adopt certain aspects of EU legislation in exchange for access to part of the EU internal market. An agreement on Switzerland`s participation in EU education, training and youth programmes was signed in 2010. Content of agreements The essential element of each agreement is trade in goods (including tariff reductions and other trade restrictions). They regulate trade in industrial products (SH chapters 25-97), fish and processed agricultural products. Trade in unprocessed agricultural products is generally governed by separate bilateral agricultural agreements.

In 2004, a series of sectoral agreements (known as “bilateral II”) were signed, including Switzerland`s participation in Schengen and Dublin, as well as agreements on the taxation of savings, processed agricultural products, statistics, anti-fraud, participation in the EU media programme and the Environment Agency. See the list of minimum transactions in Article 7 of the Origin Protocol in the text of the UK-Switzerland trade agreement. In addition, the mutual recognition agreement continues to remove barriers to trade. In most product sectors, technical rules are harmonised, ensuring that there is no compliance assessment in the EU or Switzerland. The currency of Switzerland is the Swiss franc. Switzerland (along with Liechtenstein) is in an unusual position to be surrounded by countries using the euro. As a result, the euro is de facto accepted in many places, especially near borders and tourist regions. Swiss federal railways accept euros, both at ATMs and ATMs. [42] Many public telephones, ATMs or ATMs also accept euro coins.

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