Business worried by EU situation

Switzerland is in a dilemma due to the “mass immigration” initiative to cap the number of European Union workers allowed into the country, a meeting of top Swiss figures has heard. Brexit could also make Swiss-EU relations more complicated. It has been 30 months since the “mass-immigration” initiative was accepted in a nationwide vote, but there is still no viable solution for implementing it, said Heinz Karrer, the president of economiesuisse, the Swiss Business Federation, which held its “Economy Day” in Bern on Friday. The population’s decision to accept the initiative, which seeks to limit the number of EU citizens working in non-EU Switzerland, has shaken relations between the two bodies. The EU sees the initiative as going against its cherished freedom of movement. Negotiations are currently stalled between the two sides on how the implement it. Karrer is worried about the impact on Switzerland’s bilateral agreements with the EU, from which Switzerland ...