Commerce Minister Goyal & Swiss Trade Minister Parmelin talk TEPA, bilateral investment treaty

New Delhi: On Tuesday, 8th December, Minister of Railways, Commerce & Industry, and Consumer Affairs, Food & Public Distribution, Piyush Goyal, had a meeting through video conference with Federal Councillor Guy Parmelin, Vice-President of the Swiss Federal Council and Head, Federal Department of Economic Affairs, Education, and Research.

According to a statement issued by the Ministry of Commerce & Industry, Government of India, both Ministers reiterated the desire to move forward on the India-EFTA Trade & Economic Partnership Agreement [TEPA] negotiations. They agreed on concrete next steps in this direction. The Ministers also discussed the India-Switzerland Bilateral Investment Treaty which is under negotiation.

Commerce Minister Goyal also sought the support of Switzerland for the joint proposal of India and South Africa in WTO for TRIPS waiver, so as to facilitate affordable access of Covid-19 vaccines and treatments throughout the globe.

The meeting ended with an exchange of courtesies and Commerce Minister Goyal wishing Federal Councillor Guy Parmelin the best for the Swiss Presidential election which is due to take place on 9th December. He also reiterated his invitation extended to Federal Councillor Guy Parmelin to visit India.

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The ID Staff

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