Monday , November 23 2020
Home / le News / Swiss trade with much of South America should soon be tariff free

Swiss trade with much of South America should soon be tariff free

Summary:
A deal agreed between EFTA and the South American Mercosur bloc, which includes Argentina, Brazil, Uruguay and Paraguay, with a combined population of 260 million, is close to signing. © Tomas Griger | Dreamstime.comEFTA includes Iceland, Liechtenstein, Norway, and Switzerland. Under the deal, 95% of Switzerland’s CHF 3.6 million annual exports to the bloc would be tariff free. The deal is important because the EU recently agreed a similar Mercosur deal, so this deal will maintain Switzerland’s current competitive position with EU exporters to the region. Not everyone is happy. Switzerland’s farmers fear South American meat imports will affect the prices they receive for theirs. Switzerland’s 155,000 farmer produce around CHF 10 billion a year, around 1% of Switzerland’s

Topics:
Investec considers the following as important: , , , , ,

This could be interesting, too:

Investec writes Easyjet makes first loss in its history

Investec writes Swiss government promises one billion francs for Covid hit businesses

George Dorgan writes Covid, November 16: 198 deaths in Switzerland over weekend as infection rate slows

Investec writes Covid: Switzerland to spend 100 million francs more on vaccines

A deal agreed between EFTA and the South American Mercosur bloc, which includes Argentina, Brazil, Uruguay and Paraguay, with a combined population of 260 million, is close to signing.

Swiss trade with South America should soon be tarif free
© Tomas Griger | Dreamstime.com

EFTA includes Iceland, Liechtenstein, Norway, and Switzerland.

Under the deal, 95% of Switzerland’s CHF 3.6 million annual exports to the bloc would be tariff free.

The deal is important because the EU recently agreed a similar Mercosur deal, so this deal will maintain Switzerland’s current competitive position with EU exporters to the region.

Not everyone is happy. Switzerland’s farmers fear South American meat imports will affect the prices they receive for theirs. Switzerland’s 155,000 farmer produce around CHF 10 billion a year, around 1% of Switzerland’s GDP.

More on this:
Government press release (in French) – Take a 5 minute French test now

For more stories like this on Switzerland follow us on Facebook and Twitter.

About Investec
Investec
Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to our niche client base.

Leave a Reply

Your email address will not be published. Required fields are marked *