On 15 May the Federal Council opened consultation proceedings on the trade agreement with the United Kingdom and on an additional agreement extending the provisions of the trade agreement to the Principality of Liechtenstein. The agreements are intended to ensure to a large extent the continuation of existing trade relations after the UK’s departure from the European Union.
Chief Minister of Kerala pays courtesy visit
On 18 May Federal Councillor Guy Parmelin received Mr Pinarayi Vijayan, Chief Minister of the Indian State of Kerala. The meeting focused on bilateral economic relations. Kerala, whose economy is mainly based on agriculture, is located on the southwestern tip of the country. With a GDP of USD 120 billion, the state ranks 9th among the 35 states and territories of the federation and has 33.5 million inhabitants. India is a priority country in Switzerland’s foreign economic policy.
Federal Councillor Guy Parmelin met the Indonesian trade minister, Enggartiasto Lukita, in Bern on 9 May. The two ministers discussed both the opportunities and the challenges for Swiss businesses on the Indonesian market. The Comprehensive Economic Partnership Agreement signed in December 2018 gives the two countries new opportunities to further expand bilateral trade and investment.
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