Norway and Switzerland have expressed optimism about settling an agreement on a trade pact with India as their respective Trade Ministers concluded their visit to Delhi this week, reported India Today.
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Swiss Ambassador to Manila Alain Gaschen (Screengrab from Embassy of Switzerland to the Philippines Facebook video) MANILA - Philippine-based enterprises are urged to take advantage of the benefits from trade arrangements with Europe such as the European Union (EU) Generalised Scheme of Preferences Plus (GSP+) and the free trade deal with the European Free Trade Association (EFTA). In a briefing Friday, Swiss Ambassador to the Philippines Alain Gaschen said although the country's utilization rate of the Philippines-EFTA free trade agreement (FTA) "maintains stability" amid the pandemic, there is still a big potential for Filipino enterprises in exporting to EFTA countries using the trade pact. Gaschen added that the Philippines-EFTA trade pact has allowed Manila to have a trade surplus with Iceland, Liechtenstein, Norway, and Switzerland, which was previously a trade deficit. Big potential for Philippine enterprises is in the agriculture sector, the envoy said. He said th