Swiss Finance Minister Ueli Maurer has held talks in New Delhi with India’s finance and international ministers. On the agenda had been bilateral commerce points and India’s upcoming G20 presidency.
This content material was revealed on August 10, 2022 – 14:45
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Along with his Indian counterparts Nirmala Sitharaman and Subrahmanyam Jaishankar, Maurer notably spoke about Swiss experience and doable cooperation within the space of sustainable finance, his ministry mentioned on WednesdayExterior hyperlink.
Maurer additionally expressed a want to “quickly full” negotiations for a free commerce settlement between India and the European Free Commerce Affiliation (Switzerland, Norway, Iceland, and Liechtenstein), which have nonetheless made little progress since being launched in 2008.
He additionally tried to advertise Switzerland’s place as “a dependable companion within the context of India’s G20 presidency subsequent 12 months”, the finance ministry wrote.
Commerce potential
India is Switzerland’s second-biggest commerce companion in Asia (after China) however authorities and sure trade sectors see potential to spice up hyperlinks with the rising market.
Annual commerce between Switzerland and India involves round CHF30 billion ($31.7 billion), with exports largely pushed by treasured metals, machines, pharmaceutical merchandise and chemical compounds. Imports are notably chemical compounds, textiles, treasured metals and agricultural items, based on the Swiss Economics Ministry.
Switzerland can be a major supply of international direct funding in India; and greater than 300 Swiss corporations there make use of some 130,000 individuals, the Economiesuisse enterprise federation wrote final 12 months.
Maurer’s go to comes only a week after one other high-level Swiss delegation from the international ministry travelled to Delhi for talks a few bilateral partnership within the areas of digitalisation, innovation and sustainability.
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Extra: SWI swissinfo.ch licensed by the Journalism Belief Initiative
