HomeCompany NewsSwiss Federal Council adopts draft law to deepen ties with EU

Swiss Federal Council adopts draft law to deepen ties with EU

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ZURICH, March ‌13 (Reuters) - The Swiss government on ​Friday adopted a draft law containing a raft ⁠of measures aimed at deepening the Alpine country's economic ties with the European ​Union, which now passes to parliament.

If lawmakers ‌pass the bill, it is poised to face a national referendum, where it is likely ⁠to face stiff resistance ⁠from nationalists who argue that further integration with the EU will compromise Swiss sovereignty and hold the country back.

The governing ‌Federal Council said the package is in ⁠Switzerland's interest and would ‌ensure continuity of relations ​with the EU, the landlocked country's most important trading partner.

"In view of the ‌tense geopolitical situation, stable ​and reliable relations ⁠with neighbouring European countries are of ‌strategic importance," the ⁠Federal Council said.

The council said the deal that was initially agreed between Switzerland and ​the EU ‌in December 2024 would create certainty for its ⁠export-led economy and ​secure prosperity.

(Reporting by Dave Graham, editing ​by Thomas Seythal)

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