Britain and Switzerland will begin talks on an upgraded free trade agreement, with British trade secretary Kemi Badenoch flying to Bern aiming to boost financial and professional services exports.
Japanese investors will soon file a request for arbitration regarding Credit Suisse's Additional Tier 1 bonds, under the economic partnership agreement between Japan and Switzerland.
The European Free Trade Association is a free trade area between four countries – Iceland, Liechtenstein, Norway and Switzerland -- and the trade deal negotiations have lingered on for over 15 years.
Bern said it will not join the European Union’s proposed mass exit from a controversial energy investment protection treaty, sparking fears that fossil fuel companies will use Switzerland as a rear base to keep suing governments over climate action.
Egyptian Minister of Trade and Industry Ahmed Samir said on Tuesday that Egypt and Switzerland have distinguished trade and investment relations, with the volume of trade exchange between the two amounting to $994 million in 2022.
Cambodia, which successfully entered into several free trade agreements (FTA) last year, is looking at the prospect of having a similar partnership with Switzerland.
The Energy Charter Treaty protects companies that invest in fossil fuels. A growing number of countries are withdrawing from it, while Switzerland continues to thwart the energy transition.
A company registered in Switzerland, RSE Holding AG, has initiated an international arbitration proceeding against Latvia claiming that changes effected to the regulatory framework applicable to electricity produced in high-efficiency cogeneration are in breach of European rules.