Bilateral Relations Key To Swiss Foreign Economic Policy

Bilateral Relations Key To Swiss Foreign Economic Policy

The Switzerland’s Federal Council approved the 2012 Foreign Economic Policy Report, placing bilateral relations with the European Union at the center of the country’s foreign policy.

The report was prepared to address the Federal Council’s foreign policy strategy for the period 2012-2015. It also deals with the priority question of Switzerland’s relations with its neighbors. Its main topic is the close economic ties between Switzerland and the border regions of neighboring countries, strengthening Switzerland's position as an attractive jurisdiction for business.

In order to expand market access under crisis conditions, Switzerland intends to develop proposals aimed at resolving the issued of further development of the legal bases of the Swiss-EU agreements, their uniform interpretation, the mechanisms for monitoring and enforcing them, and dispute settlement. The talks with the EU on the question of corporate taxation have begun already.

Switzerland is also developing its free trade agreements network. It launched bilateral free trade negotiations with China. The European Free Trade Association (Liechtenstein, Iceland, Norway and Switzerland) continues negotiations with Bosnia and Herzegovina, with India, Indonesia, with Central American countries and with the Russia-Belarus-Kazakhstan Customs Union and starts free trade talks with Vietnam and Malaysia.

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