Switzerland Signed a Free Trade Treaty with Georgia
Switzerland provides an attractive economic and legal background, being one of the most stable states situated in Europe. It is important to know that Switzerland is not a member- state of the European Union (EU), but it had signed over the years various treaties which provide a legal basis applicable to natural persons and legal entities similar with the stipulations of the EU, encouraging foreign direct investments on the local market. Foreign businessmen interested in opening a company in Switzerland should know that the local authorities have recently signed a new free trade treaty with Georgia; our team of Swiss lawyers can provide more details on the provisions of the agreement.
Switzerland – Georgia agreement
Georgian authorities began in the last year several investment projects aiming to develop various economic fields which have a great potential on the local market. The Switzerland – Georgia free trade agreement is a step forward in developing new business partnerships.
The discussions between the representatives of the two states referred at the development of a cooperation strategy and the Swiss part mentioned that it is interested in helping Georgia to promote peace in the Caucasus area.
At the same time, it is important to know that Switzerland has already begun a Cooperation Program, started in 2013, in the South Caucasus region and also in Georgia.
The two parties exchanged ideas on the following matters:
• economic development;
• public services;
• human security.
Our team of Swiss attorneys can provide more information on the effects of the document signed by the two states.
Switzerland, an EFTA state
Although Switzerland is not a member state of the EU, it is included in an association of states – the European Free Trade Association (EFTA), which was established in 1960.
EFTA is comprised of four states:
Persons interested in receiving more details on the agreement signed between Switzerland and Georgia can address to our Swiss law firm for assistance.