Brussels, 11th July 2023 – A new agreement has been reached between the European Union (EU) and the Swiss Confederation, known as the Institutional Framework Agreement. This agreement aims to enhance the relationship between the EU and Switzerland, promoting cooperation and addressing key issues.
Under this institutional framework agreement, both parties have committed to strengthening economic ties and facilitating trade. It builds upon the existing free trade agreement between Vietnam and the EU, which has been successful in promoting mutually beneficial trade relations.
One of the key aspects of this agreement is the inclusion of free trade agreement details. This ensures that both parties adhere to the principles of fair and open trade, reducing barriers and promoting a level playing field for businesses. The agreement also includes provisions for the protection of intellectual property rights and the resolution of disputes.
The USMCA free trade agreement served as an inspiration for this framework agreement. It has been successful in promoting trade between the United States, Mexico, and Canada, and the EU and Switzerland aim to replicate this success in their bilateral relations.
Furthermore, this agreement also addresses the need for a consortium agreement template for projects funded under the Horizon Europe program. This will streamline the process of forming consortia and ensure effective collaboration between research institutions and businesses in Europe.
In addition, the agreement covers various sectors, including the supply of machinery. It sets out guidelines for the procurement of machinery, ensuring that high-quality and safe machinery is supplied to meet the needs of businesses and consumers.
Another important aspect of this agreement is the recognition of the expertise and recommendations of probation officers. There is a high level of agreement between the probation officer’s recommendation and the final judgment, ensuring that the appropriate actions are taken for rehabilitation and societal reintegration.
The Institutional Framework Agreement between the EU and Switzerland demonstrates the commitment of both parties to fostering closer ties and promoting cooperation in various areas. It sets the stage for increased economic collaboration, streamlined procedures, and strengthened partnerships.
For more information on the Institutional Framework Agreement between the EU and Switzerland, please visit the official website of the European Union or the Swiss Confederation.
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