While you’d expect India to import a lot more than it exports to oil producing countries – I was a bit surprised to see that even Switzerland fell into that category. Details may not equal totals due to rounding. Switzerland normally concludes its FTAs together with its partners Norway, Iceland and Liechtenstein, in the framework of the European Free Trade Association (EFTA). In a number of Swiss sectors, the market entry has long suffered from informal barriers, which can be attributed to a legacy of weak anti-cartel legislation, specific and protective technical regulations, certain investment restrictions and exclusive rights under intellectual property legislation. Since December 2000 Switzerland and Liechtenstein have held joint Trade Policy Reviews. Switzerland’s demands for trade to be liberalised are hypocritical and made for selfish reasons. The cornerstone of EU-Swiss relations is the Free Trade Agreement of 1972. As a consequence of its partial integration in the EU's single market, Switzerland pays a financial contribution to economic and social cohesion in the new EU Member States. The business links between Switzerland and the UK are extremely strong with more than 80 flights per day linking the UK with Switzerland. In 2018, Switzerland's exports per capita were $36.5k and its imports per capita were $34.5k. Terms of Trade in Switzerland averaged 98.72 points from 1973 until 2020, reaching an all time high of 127.67 points in June of 2019 and a record low of 74.27 points in March of 1977. Industry, Trade and Services. As a consequence of the rejection of the EEA membership in 1992, Switzerland and the EU agreed on a package of seven sectoral agreements signed in 1999 (known in Switzerland as "Bilaterals I"). The biggest risks for the Swiss economy stem from Italy's fiscal policy, a significant cooling of the European economy and the possibility of a global trade war, which could impact Switzerland's externally-oriented economy, appreciating the franc and eroding competitiveness in less-productive sectors. The EU is Switzerland's main trading partner, whereas Switzerland is the EU's fourth trading partner after the USA, China and the UK. Switzerland is a very important partner of the EU for trade in services, in particular for commercial services. The economic and trade relations between Switzerland and the European Union are governed by the Free Trade Agreement and a series of bilateral agreements. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. According to the Federal Customs Administration, Switzerland’s trading statistics for 2019 indicate that: For more information on this matter please, Opening a Branch vs. a Subsidiary in Switzerland, Establishing a Sole Trader in Switzerland, Establishing a Joint Stock Company in Switzerland, Open a Representative Office in Switzerland, Open a Limited Liability Company in Switzerland, Start a Limited Partnership in Switzerland, Open a Cryptocurrency Hedge Fund in Switzerland, Open a Cryptocurrency Company in Switzerland, Set Up a Rental and Leasing Company in Switzerland, Divorce: Division of Assets in Switzerland, Marriage in Switzerland: Rights and Obligations, Swiss Legislation for Foreign Investments, Obtaining Information about Swiss Companies, Restructuring and Insolvency Lawyers in Switzerland, Resolve Employment Disputes in Switzerland, Resolve Contractual Disputes in Switzerland, Drafting Distribution Agreements in Switzerland, Resolve Shareholders Disputes in Switzerland, Drafting and Vetting Company Documents in Switzerland, Banking and Finance Lawyers in Switzerland, Collective Investment Schemes in Switzerland, Listing a Company in the Stock Exchange in Switzerland, Articles of Association/Bylaws in Switzerland, Obtaining Special Permits and Licenses in Switzerland, 10 Most Important Business Regulations in Switzerland, Capital Market Regulations in Switzerland, Corporate Compliance Regulations in Switzerland, Real Estate Investment Funds in Switzerland, Submitting Financial Statements in Switzerland, Set up a Textile Manufacturing Company in Switzerland, Open a Company in the FMCG Sector in Switzerland, Set Up a Publishing Company in Switzerland, Set Up an e-Commerce Company in Switzerland, Start a Franchise Business in Switzerland, Start a Transporting and Storage Company in Switzerland, Open an Advertising and Marketing Company in Switzerland, Open a Real Estate Business in Switzerland, Company Administration in Case of Insolvency, Open a Company in the Energy Sector in Switzerland, Open an Agricultural Business in Switzerland, Taxation of Foreign Companies in Switzerland, Switzerland-Germany Double Taxation Treaty, Switzerland-France Double Taxation Treaty, Switzerland-Luxembourg Double Taxation Treaty, Switzerland-Belgium Double Taxation Treaty, Switzerland-Netherlands Double Taxation Treaty, Switzerland-Denmark Double Taxation Treaty. 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