Australia and Switzerland in treaty modernisation talks

This initiative can be seen as part of the Gillard government’s commitment to attracting overseas investment by removing barriers to cross-border investment.

Switzerland is Australia’s fifth largest source of foreign direct investment, amounting to $17.5 billion in 2009.

All aspects of the treaty will be discussed, while upgrading the tax information exchange agreements is also high up on the agenda.

Comments on how the 1980 Australia – Switzerland treaty might be updated and improved are welcomed by the treasury. Submissions should be sent by February 28 2011.