Tax-News.com: Switzerland Discusses Tax, Trade With Brazil

by Ulrika Lomas, Tax-News.com, Brussels

08 August 2016

The President of the Swiss Confederation has met with Brazilian ministers to discuss a range of tax and trade issues.

Johann Schneider-Ammann met with the Brazilian Foreign Minister, José Serra, on August 4. According to the Swiss Federal Council, the “constructive” meeting discussed tax and World Trade Organization matters but focused on ongoing negotiations toward a European Free Trade Area (EFTA)-Mercosur free trade agreement. Mercosur is a free trade bloc, comprised of members Argentina, Brazil, Paraguay, Uruguay, and Venezuela.

Schneider-Ammann also met with Marcos Pereira, the Minister for Industry, Foreign Trade, and Services. The Federal Council said that the ministers discussed the global economic situation, the Swiss and Brazilian economies, bilateral trade and investment relations, and the prospects for further WTO negotiations.

The Federal Council has identified Brazil as a priority country. Bilateral trade is worth CHF3.5bn (USD3.6bn), and Brazil is Switzerland’s most significant trading partner in Latin America.

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