Free Trade Agreement Switzerland Brazil

An interactive list of bilateral and multilateral free trade instruments is available on trend analytics. [59] The People`s Republic of China has concluded bilateral trade agreements with the blocs, countries and their two special administrative regions:[13] On Twitter, Bolsonaro said the agreement was a positive result of his government`s diplomatic efforts to open trade between Brazil and other countries. He announced the deal when Brazil was criticized by foreign leaders for the fires in the Amazon, with some European countries threatening not to approve the agreement between Mercosur and the European Union. Note: any customs union, common market, economic union, customs and monetary union, economic and monetary union is also a free trade area. Negotiations for the EFTA-Mercosur Free Trade Agreement were largely concluded in August 2019. Switzerland had been negotiating the free trade agreement for two years. Foreign Minister Ignazio Cassis stressed its importance during a visit to Brazil in April as part of a tour of South America. In addition to the EFTA Agreement and the Free Trade Agreement with the European Union, Switzerland currently has a network of 30 free trade agreements with 40 partners outside the EU and new agreements are being negotiated. In 2018, an important convention was signed, the “Convention on the Elimination of Double Taxation with regard to Income Tax and the Prevention of Tax Evasion and Avoidance”.

The current Swiss ambassador to Brazil, Andrea Semadeni, stressed that “the absence of a double taxation agreement between the two countries is one of the biggest complaints of Swiss companies”. The agreement was approved by the Swiss Parliament in March 2019. In Brazil, the bill is currently under discussion in the Senate. As a comprehensive and broad free trade agreement, the EFTA-Mercosur agreement includes trade in goods, trade in services, investment, intellectual property rights, government procurement, competition, trade and sustainable development, legal and horizontal issues, including dispute settlement. Most Swiss agreements are concluded within the framework of the European Free Trade Association (EFTA). In addition, Switzerland has the right to negotiate free trade agreements without the participation of EFTA, as was the case, for example, with China, Japan and the Faroe Islands. Trade Minister Torbjoern Roee Isaksen defended the EFTA agreement and told Norwegian news agency NTB that “sustainable forest management is an important theme of the agreement.” This is a list of free trade agreements between two parties where each party could be a country (or other customs territory), a trading bloc or an informal group of countries. In addition to the EFTA Agreement and the 1972 Free Trade Agreement with the European Union (EU), Switzerland currently has a network of 31 free trade agreements (FTAs) with 41 partners. As a general rule, Switzerland concludes its free trade agreements with its partners, Norway, Iceland and Liechtenstein, within the framework of the European Free Trade Association (EFTA). Nevertheless, Switzerland has the possibility of concluding free trade agreements outside the framework of EFTA, as has been the case for Japan and China. Swiss Economy Minister Guy Parmelin argued that previous EU trade agreements had also encountered obstacles, but were eventually ratified. .

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