Ministers expressed concern over weakening international economic activity and the projected slowdown in global trade this year. They underlined the importance, in such a context, of pursuing trade and investment policies that prevent protectionism and ensure open, competitive markets.
In this context, Ministers reviewed EFTA’s activities in the area of free trade agreements. EFTA’s network of preferential trade relations outside the European Union currently comprises 24 free trade agreements with 33 countries. This network is complemented by 6 joint declarations on cooperation globally. In this respect, Ministers welcomed the signing of a Declaration with Pakistan which will serve to strengthen economic cooperation and bilateral trade relations. Ministers also emphasised the importance of revising and updating existing free trade agreements in the light of global developments in this area.
Ministers welcomed the swift progress in the free trade negotiations with the Central American States of Costa Rica, Guatemala, Honduras and Panama and looked forward to their early conclusion. They took stock of progress made in the negotiations with the Customs Union of Russia, Belarus and Kazakhstan and called for continued momentum with a view to moving closer to a conclusion. Ministers emphasised their strong interest in remaining fully engaged with India. They noted the advances made in the negotiating processes with, respectively, Indonesia and Vietnam, and expressed their wish to see these move further forward in a timely manner. They reiterated their call for a conclusion of negotiations with Bosnia and Herzegovina.
Ministers welcomed the recent announcement of the start of negotiations on a free trade agreement with Malaysia. An agreement with that partner would considerably strengthen EFTA’s network in the dynamic Asian region. They expressed their readiness to re-engage with Thailand at the earliest suitable opportunity. They agreed to further seek possibilities to deepen trade relations with countries in Sub-Saharan Africa. They called for a joint assessment of recent developments with Algeria.
Ministers also discussed issues related to the unresolved mackerel negotiations.
Ministers met with the EFTA Parliamentary Committee to discuss recent developments and priorities in EFTA’s trade relations with the world.
Iceland: Mr Össur Skarphéðinsson, Minister for Foreign Affairs and External Trade (Chair)
Liechtenstein: Ms Aurelia Frick, Minister of Foreign Affairs
Norway: Mr Roger Ingebrigtsen, State Secretary, Ministry of Trade and Industry
Switzerland: Mr Johann N. Schneider-Ammann, Federal Councillor, Head of the Federal Department of Economic Affairs
EFTA: Mr Kristinn F. Árnason, Secretary-General
- New and modernised #FreeTrade agreement between #EFTA & #Turkey entered into force today, replacing an #FTA from 19… https://t.co/e1ywpt3ESR — 3 weeks 13 hours ago
- @RichardAENorth Not at all. Just read the position paper :-) — 3 weeks 1 day ago
- Iceland, Liechtenstein and Norway have submitted a joint #EEA #EFTA Comment on the legislative proposal for a Digit… https://t.co/9f1OKmaB6T — 3 weeks 2 days ago