Switzerland Seeks Swift EU Deal to Boost Market Access

Switzerland aims to finalize an updated agreement with the European Union this year to secure unrestricted access to the EU market. The Swiss President emphasized the importance of concluding negotiations quickly. The deal seeks to update existing accords and establish new agreements in sectors like electricity and food safety.

Switzerland is looking to wrap up a deal to update its relationship with the European Union this year, its president said on Tuesday, after previous attempts spanning years foundered over concerns about Swiss sovereignty. Unrestricted access to the EU market is the cornerstone of the plan, which aims to update existing accords and conclude new sectoral agreements in areas including electricity and food safety, the Swiss government has said.

"The political goal is to conclude the negotiations this year," Swiss President Viola Amherd said at an event held by industry group Swissmem. "Our motto is as fast as possible, as slow as necessary." Wealthy, neutral Switzerland has long had powerful internal resistance to closer integration with the EU, even as supporters of closer ties warn that the country cannot expect to benefit from the bloc without making concessions.

Amherd said finding a deal quickly was in the interests of Switzerland, its economy, its industry and its research. In March the Swiss government formally approved a negotiating mandate for talks with Brussels to modernize its relationship with the European Union after a previous bid unravelled in 2021.

Both sides had spent years working on a new treaty but critics argued that the accord excessively infringed on Swiss sovereignty, leading to the collapse of the plan.