Switzerland: immigration or EU trade agreement

9 years ago - Published in Finance, Fundamental Analysis

Switzerland could see another referendum to modify the effects of the end of 2014 on the limitation of immigration in the country. A group of citizens is collecting signatures to cancel the results of the previous consultation, when 20,000 votes difference has rewarded the initiative of the SVP, which aims to put a cap of 100,000 units to the inputs in the country with a quarter of the resident population foreign.

It is the first time that it happens in the country, which historically has made more use of public consultations on the key issues under discussion. The problem is strictly tied with the EU; since 2002 the country adopted the Bilateral Agreement I, which ensures a market for its goods and its services in the rest of Europe, in exchange for accepting the free movement of workers.

The Bern's government may legislate, until next February, in the direction desired by the majority of voters, provided that prior to the outcome of the referendum is canceled by one of the opposite direction, because before the choice between safeguarding the economy Swiss and accept the entry of a greater number of immigrants proposed roof of 100,000 units, according to surveys a third of those who had voted two years ago to put limitations on the entry of foreigners could change their minds.

According to the federal government, from now to 2035, the Swiss GDP could grow by 7.5% less, in the event that the free trade agreements with the EU jumped. President Johann Schneider-Ammann has already met in recent weeks, the European Commission President, Jean-Claude Juncker, assuring him that it's possibile to work for a solution.

Between Brussels and Bern tensions grew in last months, Brexit made it more pronounced because after 23 June referendum, it can not afford to undermine the agreements with states associated , including Switzerland, which are now considered a model just from the UK for its future status.

 

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