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| EFTA And CURBK Hold Free Trade Talks |
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, September 06, 2011
Delegations from the European Free Trade Association (EFTA) states, Switzerland, Iceland, Norway and Liechtenstein,
and the Customs Union of Russia, Belarus and Kazakhstan, have held further negotiations
towards a broad-based Free Trade Agreement in meetings in Geneva.
According to a statement from EFTA, the negotiations, launched in November
2010, were continued in all fields, encompassing: trade in goods (industrial,
agricultural and fish); sanitary and phytosanitary issues; technical barriers
to trade; trade remedies; customs and origin matters; trade facilitation; intellectual
property rights; services and investment; government procurement; legal issues;
competition; and sustainable development.
Based on constructive talks, a substantial programme of follow-up work was
agreed in view of the next full round of negotiations, EFTA reported.
In 2010,
the three countries forming the Russia-Belarus-Kazakhstan Customs Union were
EFTA’s sixth most important export destination and fourth largest import
source outside the European Union, with total merchandise trade amounting to
USD8.5bn. Levels of trade in services and foreign direct investment are also significant
between both sides.
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