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Switzerland, India reach deal on FTA

Switzerland and India have reached consensus on a free-trade agreement after 16 years of negotiations, Swiss Economy Minister Guy Parmelin said.  

  • Parmelin traveled to India directly after the World Economic Forum in Davos, Switzerland, to meet with counterpart Piyush Goyal, according to a post by the Swiss minister on the platform X, formerly Twitter, late Saturday.
  • The outline of a deal was agreed, and officials are working to finalize the details, he said. 
  • The agreement “will create jobs for the young population of India, and secure employment in Switzerland,” Parmelin said in an interview with the Swiss new newspaper Sonntagszeitung. 

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