Competition | 08 May 2018
Although being a landlocked country in the heart of Europe, Switzerland has kept a certain insularity: while Swiss companies have access to the European markets (and vice versa) based on bilateral agreements with the European Union, it is a member neither of the EU nor the EEA. Further, Switzerland is often characterised as a ‘high price island’ within Europe. The latter has caused heated debates in domestic politics relating to price differences between Switzerland and neighbouring European countries for comparable products and services, and to the reasons for these differences. Several amendments to the Swiss Constitution and|or Cartel Act have been proposed in the past years to ‘flood’ this island and do away with these price differences.