India switzerland ties: EFTA opens up new opportunities for India and Switzerland: Indian-origin Swiss MP

India switzerland ties: EFTA opens up new opportunities for India and Switzerland: Indian-origin Swiss MP



Niklaus-Samuel Gugger an Indian-born Swiss politician and a member of the National Council of Switzerland has said that the recently signed EFTA has opened new opportunities for India and Switzerland and will help provide skills and jobs to Indians.“EFTA happened after 16 years. It is a unique free trade agreement between four counties that means Liechtenstein, Switzerland, Iceland and Norway. It opens a lot of opportunities for India and Switzerland,” Gugger told ET during his recent visit to India.

“There can be cooperation in healthcare, med care, steel sector and aviation. Switzerland’s dual education system that focuses on skills will be beneficial to India,” said Gugger, who played a key role in the conclusion of the European Free Trade Association or EFTA.

India-European Free Trade Association signed a Trade and Economic Partnership Agreement (TEPA) today on March 10, 2024. Among EFTA countries, Switzerland is the largest trading partner of India followed by Norway. EFTA has committed to promote investments with the aim to increase the stock of foreign direct investments by USD 100 billion in India in the next 15 years, and to facilitate the generation of 1 million direct employment in India, through such investments.

The Swiss MP also referred to Swiss connection to the airport being built in Jewar and jobs that will be created. The airport is being developed by the Yamuna International Airport Private Limited, a wholly-owned subsidiary of Zurich Airport International AG, in partnership with the Uttar Pradesh government and the Centre.

The National Council is the lower house of the Federal Assembly of Switzerland.Gugger is a member of EPP and sits on the central board of the party. He was elected to the City Council of Winterthur in 2002 and became president of the EPP group in the council in 2008. In the 2010 Winterthur election, he received an absolute majority.He was elected to the Zurich Cantonal Council from 2014 to 2017. In 2017, he was elected to the National Council and was re-elected in 2019. He serves on the Foreign Policy Committee, and he is a member of the Council of Europe and vice-president of the EPP Switzerland.



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