Mumbai: India is in talks with Switzerland, Norway,
Iceland and Liechtenstein to strike a comprehensive
economic agreement that would facilitate free trade
relations with the four Europen countries, Swiss officials
and the four European free trade area countries (EFTA
states) have set up a joint study group to explore the
feasibility of such an agreement, the officials said.
of such an agreement establishing free trade relations
would be a major milestone in economic ties between
the countries and provide a fresh impetus in this direction,
said Monika Ruhl-Burzi, head of Berne-based bilateral
economic relations division of the Swiss state secretariat
for economic affairs, said.
She was addressing an investment conference in New Delhi
organised by "Location Switzerland".
at the conference, Swiss ambassador Dominique Dreyer
said Switzerland was trying to set up a working group
with India on intellectual property rights and also
seeking to enhance cooperation in science and technology
Switzerland'' is the official programme of the Swiss
government for the promotion of investments in that
officials said "access to European markets, a highly
specialised and multinational workforce and a modest
corporate tax rate are just some of the many attributes
Switzerland provides foreign companies".
in fact, is seeking a larger free trade agreement with
Commerce minister Kamal Nath said the FTA between India
and EU could open vast opportunities on both sides and
negotiations on this should begin soon.