Swiss sign historic trade deal with Japan

Senators on Monday unanimously approved a free-trade agreement with Japan, the first of its kind.

This content was published on June 8, 2009 - 21:14

The House of Representatives has already approved the Free Trade and Economic Partnership Accord with the world's second-largest national economy. It did so unanimously as well.

Monday's vote is an "historical" step on par with a similar agreement reached with the European Union in 1972, lawmakers said.

The agreement should boost Switzerland's export industries by helping them maintain their ground against competitors, said Doris Leuthard, Switzerland's economics minister.

The accord is Japan's first with a European trading partner. Japan is the fourth largest market for Swiss exporters after the EU, the United States and China.

The agreement is scheduled go into effect on August 1. with agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.