AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,629 Increased By 103 (1.37%)
BR30 24,842 Increased By 192.5 (0.78%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)
Business & Finance

Swiss-EU deal: Live or let die?

  • But ahead of Swiss President Guy Parmelin's meeting with European Commission president Ursula von der Leyen, Bern has kept its cards close to its chest on what approach it plans to take.
Published April 23, 2021

GENEVA: Switzerland's president heads to Brussels on Friday for a crunch meeting seeking to break through the logjam over a long-delayed agreement on simplifying ties with the European Union.

Brussels has made no secret of its growing impatience to nail down a "framework agreement" with Bern, 13 years in the making.

For the EU, negotiations on the deal concluded in 2018 -- but the Swiss have continued to press for changes and have so far baulked at signing.

The agreement would rejig five major agreements within a patchwork of 120 bilateral accords that govern non-EU member Switzerland's relations with the bloc.

Among other points, they touch on access to the single market and fine-tuning applicable Swiss and EU laws.

Fears abound that failing to secure the framework deal could jeopardise Switzerland's relationship with its largest trading partner at a time when more than half of all Swiss exports go to the bloc which all but surrounds the landlocked country.

But ahead of Swiss President Guy Parmelin's meeting with European Commission president Ursula von der Leyen, Bern has kept its cards close to its chest on what approach it plans to take.

"The Federal Council (government) is ready," was all a spokesman would say when asked what message Parmelin would deliver in Brussels.

Declarations that the deal was nearly dead have multiplied in recent months.

Comments

Comments are closed.