Switzerland and EU: New Agreement ensures economic future!

Switzerland and EU: New Agreement ensures economic future!

Laimgrubengasse 10, 1060 Wien, Österreich - The European Union and Switzerland have regulated their relationships in a decisive step. After months of complicated negotiations, a new cooperation agreement has been successfully completed, which modernized existing contracts and adds important new aspects. "Today is a day of great joy," said EU Commission President Ursula von der Leyen in Bern. The agreement is described as "historical" and is intended to offer answers to global challenges with which both sides are confronted. According to Christoph Neumayer, Secretary General of the Industrial Association, the agreement not only offers security for free trade, but also strengthens cooperation in key areas such as Horizon and Erasmus+, which are crucial for the exchange of knowledge and the innovative strength, as Oots.at reported.

Austria benefits particularly from this intensive cooperation, since Switzerland is the fourth most important destination for Austrian exports and the third most important source for investments. More than 1,500 Austrian companies work in Switzerland, which ensures over 21,000 jobs. Neumayer emphasizes the strategic importance of Switzerland for the Austrian economy, especially because of the geographical proximity. The implementation of the agreement is crucial for further growth and stability, especially since the economic integration is in the common interest of both parties, he emphasizes. In a further step, Switzerland will deposit 140 million euros annually in the EU CHAASION Fund by 2030, whereby this amount will increase significantly, as sueddeutsche.de