July 3, 2025|
AI
|5 months agoSwiss-Mercosur Trade Deal: EFTA Signs Historic Agreement
Switzerland and EFTA partners conclude free trade agreement with South American bloc, promising annual customs savings of CHF160 million
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Generated IllustrationKey Takeaways
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- EFTA (Switzerland, Iceland, Liechtenstein, Norway) has signed a free trade agreement with Mercosur
- Trade negotiations between EFTA and Mercosur began in 2017
- The deal promises annual customs savings of CHF160 million for Switzerland
- Mercosur includes Argentina, Brazil, Uruguay, and Paraguay as negotiating partners
By The Numbers
160 million
Annual customs savings in CHF
They Said
"An EFTA spokeswoman confirmed a corresponding report from Reuters at the request of the Keystone-SDA news agency"