Switzerland hopes for free trade deal with India in 2023

The negotiations on the Free Trade Agreement (FTA) between India and Switzerland will resume in February this year when the Swiss trade secretary will be on a visit to New Delhi. The FTA will be a great opportunity for Swiss investments in India to grow triple-fold.

Hopeful of an FTA to be signed in 2023, Switzerland's ambassador to India Ralf Heckner said, "Both sides don't want to see negotiations dragging on as in the past but a lot of things have changed. India's position has changed. Switzerland is open for business when it comes to trade negotiations. So in 2023, I expect both sides to look into their negotiating positions and then assess whether wrapping up the negotiation is possible."

The Swiss envoy said there is a great opportunity once the trade deal is sealed as Swiss investments in India can grow triple-fold.

Last year, India has already concluded free trade agreements with UAE and Australia.

The President of the Swiss confederation will be visiting India this summer, the Swiss envoy informed. The envoy also thanked India for inviting Switzerland to G-20 and lauded its efforts to bring peace to the current global environment.

(ANI)