Free Trade Agreement Between Eu And Switzerland

The goods agreements between Switzerland and the EU include measures to ensure the free movement of goods. These agreements can be categorized as: (i) rate reduction; (ii) harmonization of product legislation; and (iii) simplifying border crossings. In 2009, the Swiss voted in favour of extending the free movement of people to Bulgaria and Romania from 59.6% to 40.4%. [8] While the 2004/38/EC European Directive on the right of free movement and residence does not apply directly to Switzerland, the bilateral agreement between Switzerland and the EU on the free movement of persons has the same rights for both Swiss citizens and eee and their family members. [9] On the first issue, the free trade agreement, the agricultural agreement and the processed agricultural products agreement address all tariff issues. Switzerland has a free trade area with the EU and EEA/EFTA members, which means there are no tariffs between the members of that area. China`s additional commitments under the CSFTA for professional and travel services – a key area for Switzerland and the EU as services as such account for more than 20% of EU services exports to China – are also low. With regard to travel services, the only difference between the CSFTA and China`s WTO accession protocol is that the level of service delivery is allowed. With regard to professional services, the main concession relates to translation services: Swiss suppliers can set up entirely foreign companies, while other WTO members are required to participate in joint ventures (although majority law is allowed). When it comes to foreign and security policy, Switzerland and the EU do not have comprehensive agreements. But in its 2000 Security Report, the Federal Council announced the importance of contributing to stability and peace beyond Switzerland`s borders and building an international community of values. Switzerland then began cooperating on projects under the EU`s Common Foreign and Security Policy (CFSP).

Switzerland has brought personnel or equipment to EU peacekeeping and security missions in Bosnia and Herzegovina, the Democratic Republic of Congo, Kosovo, Macedonia and Aceh in Indonesia. Free trade agreements have reduced the price of products for Swiss consumers and broadened the supply. At the same time, Swiss producers benefit from lower prices for half-products and raw materials. An updated overview of the Swiss free trade agreements network can be found in the www.seco.admin.ch section. In summary, this so-called „bilateral“ approach works well for both parties and in particular allows for a fluid trade relationship. These relationships can be problematic. Switzerland and the EU are currently working on issues related to cross-border services and wage protection (the so-called eight-day rule). Free trade agreements are international treaties between two parties (countries or transnational groups) to ensure free trade.

Switzerland and Iceland are the only two non-chinese income economies to currently have a comprehensive trade agreement with China.

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