Liechtenstein Chair outlines EFTA Council priorities for second half of 2017

The meeting was chaired by Liechtenstein Ambassador Peter Matt (center of the picture)

With regard to relations among the EFTA countries, the Chair put emphasis on updating the EFTA Convention in light of the evolving needs of the Member States, and on developing a common basis for future free trade negotiations, inter alia by formulating new approaches regarding trade in services and investment based on the latest developments in international trade policy.

Concerning third country relations, priorities for this semester include continuing ongoing free trade negotiations with India, Indonesia, Malaysia, Vietnam and Ecuador. The management and development of existing free trade agreements with Mexico, Chile, the Southern African Customs Union, Turkey and Canada.

Special emphasis will be given to relations with the United Kingdom and to the exchange of information on Brexit . An expanded legal analysis on the differences between the EFTA Convention, the EEA Agreement and the Swiss bilateral agreement with the EU will be undertaken.

The finalisation of a Joint Declaration of Cooperation with the East African Community, a trade policy dialogue with the United States of America, as well as discussions with Nigeria on a Joint Declaration on Cooperation are additional priorities of the Liechtenstein chairmanship.

Priorities during the Liechtenstein EFTA Council Chair – second half of 2017