Swiss Federal Councillor Doris Leuthard, the head of the Federal Department of Economic Affairs (FDEA), will chair the European Free
Trade Association's (EFTA) next ordinary ministerial meeting in Lugano on 30th June.
EFTA comprises Iceland, Liechtenstein, Norway and Switzerland.
Together with her counterparts she will primarily be discussing issues relating
to EFTA's policy on free trade agreements with non-EU countries.
Switzerland and the other EFTA states wish to follow an active policy of pursuing
the conclusion of free trade agreements, with a view to improving the conditions
which define global economic cooperation.
For Switzerland, whose economy is highly dependent on international trade,
the conclusion of free trade agreements constitutes an important instrument,
both in terms of developing trade relations and preferential investment arrangements
with third countries, to complement the multilateral trade system governed by
the World Trade Organization (WTO).
A meeting between the EFTA ministers and the Colombian Minister of Trade, Industry
and Tourism, Luis Guillermo Plata Páez, will mark the conclusion of negotiations
on a free trade agreement between EFTA and Colombia.
This agreement will help strengthen economic ties between EFTA and Latin America.
Colombia is Switzerland's fourth most important export market in Latin America
after Brazil, Mexico and Argentina.
The ministers of the EFTA states will also take note of the recent finalisation
of negotiations on a free trade agreement with the countries of the Gulf Cooperation
Council (Saudi Arabia, Bahrain, United Arab Emirates, Kuwait, Qatar and Oman).
These two agreements should be signed in the next few months.
The ministers will take note of the entry into force on 1st May 2008 of the free
trade agreement between EFTA and the states of the SACU (South Africa, Botswana,
Lesotho, Namibia and Swaziland).
This agreement will broaden the framework to strengthen economic relations
and cooperation with countries on the African continent.
The free trade agreement between EFTA and Canada, signed in Davos in January
2008, is expected to enter into force at the beginning of 2009.
The ministers will review the progress of free trade negotiations currently
under way between EFTA and India, Peru, Algeria and Thailand. They will also
examine ongoing work with a view to opening negotiations with Indonesia, Serbia
and Albania.
In addition, the ministers will review the progress of the Joint Russia-EFTA
Study Group that is examining the possibilities of liberalising mutual trade
and investment relations and the feasibility of a free trade agreement.
The Study Group's final report is expected in November 2008.
Finally, the ministers will meet and exchange views with the EFTA Parliamentary
Committee and with the Consultative Committee, which represents the social partners.
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