Free Trade Agreement Between India And Switzerland

Most (but not all) Swiss free trade agreements contain such a rule. This means that the determination of the country of origin of primary materials from a third country is not taken into account, provided that their value does not exceed 10% of the factory starting price. However, if a percentage rule is established in the list, it cannot be exceeded by the application of the general value tolerance. This is why this tolerance is particularly important for products for which the list provides for a jump in position. The general value tolerance cannot apply to products listed in Chapters 50 to 63 of the harmonized system, nor does it apply to products that have received only minimal processing in Switzerland. The manufacture of products in the Country of Origin in Switzerland should not be subject to the use of primary materials that do not meet the criteria of the country of origin which are subject to restitution or suspension of customs duties (for example. B, goods imported and re-exported to the processing facility). This rule does not apply to agreements with Singapore, South Korea, SACU, Canada, Japan, Colombia and Peru. Under the Anglo-Swiss agreement, Switzerland had to agree to maintain its exports to the sterling area within certain qotas controlled by the Swiss authorities. Quotas are managed in such a way that they are debited at the time of the issuance of the export certificate or interim allowance (which, in this respect, is perfectly equivalent to an export certificate). As a general rule, the Swiss exporter will not complete the receipt of the export certificate at the time of shipment until after the possession of the export licence or a firm guarantee (provisional imputation).

Export certificates and provisional allocations granted under the validity of a previous agreement cannot therefore be deducted from the quotas subject to a new agreement, even if the export or payment of the goods concerned may take place during the new period of the contract. Benefits of agreements In 2013, 22.6% of Switzerland`s total exports will be concluded with free trade partners, with the exception of the free trade agreement with the EU. This represents 51% of Swiss exports to markets outside the EU. In particular, free trade agreements promote the growth, added value and competitiveness of Switzerland`s economic site. Both reaffirmed their determination to complete the EFTA-India negotiations and Leuthard stressed that Switzerland was looking for pragmatic solutions. Leuthard also wants a bilateral investment protection agreement between Switzerland and India. Leuthard told reporters that their government hoped that by the end of the year, laws to implement the agreement could be passed and that the first exchange could take place in 2019. I must tell you that the Indian government would appreciate the Swiss government`s implementation of the most favoured nation clause with regard to Indian ships transporting goods between Indian and European ports.

They assure that I have raised my highest esteem. 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. Switzerland and India have signed numerous bilateral agreements covering a number of areas (trade, development cooperation, education and training, visas, migration, air transport, investment, finance, taxation and scientific and technological cooperation).