Switzerland and EFTA Secure Historic Mercosur Trade Agreement
Switzerland, as part of EFTA, finalizes groundbreaking free trade agreement with Mercosur bloc, potentially enabling annual customs savings of CHF160 million.

Key Takeaways
- The European Free Trade Association (EFTA) and Mercosur have finalized a free trade agreement.
- Swiss Economics Minister Guy Parmelin is in Buenos Aires for the conclusion of the negotiations.
- Negotiations for this trade deal began in 2017.
- The Mercosur alliance for this deal includes Argentina, Brazil, Uruguay, and Paraguay.
By The Numbers
They Said
"A free trade agreement with the Mercosur states could enable customs savings of up to CHF160 million per year."