Uruguay
Switzerland gave final approval to the trade agreement between EFTA and Mercosur
The Swiss Chamber of Deputies endorsed the understanding after having rejected it in an initial vote. According to Efe, the shift coincided with a support package for the agricultural sector.
The Swiss Chamber of Deputies definitively approved the free trade agreement between EFTA and Mercosur, after having opposed it in an initial vote, according to La Diaria based on a report by the Efe news agency.
According to Efe, the change in position was explained by the parallel approval of an economic support package of about 550 million euros for the Swiss agricultural sector, which could be affected by the opening foreseen in the treaty.
The agreement eliminates tariffs and technical barriers to trade, and also promotes the exchange of services.
According to the information published, it will enter into force three months after at least one country from each bloc deposits the instrument of ratification with Norway, which acts as depositary.
Sources
About this note. Written by El Notero with the assistance of artificial intelligence, based on what was published by the cited outlet. El Notero did not do its own reporting on this event.
