Switzerland commits to join India in its fight against black money



By NewsGram Staff Writer

Swiss Economic Affairs Minister, Johann N. Schneider Ammann, said on Friday that Switzerland is always in support of India’s fight against black money.

The minister said that the issues of black money will be discussed in the second session of the parliament.

“Switzerland has decided to follow international standards, including those framed by Organisation for Economic Co-operation and Development (OECD), in sharing information and providing assistance to foreign countries probing such cases, but we have to ask our Parliament to make changes in our laws,” he said at a select media briefing.

Ammann is on a three-day tour to India and is scheduled to meet India’s Finance Minister Arun Jaitley to discuss the issue.

To consider providing “administrative assistance” to foreign countries, which would include India, in such cases, a proposal would be moved in the Swiss Parliament in the second half of this year, said Ammann in New Delhi on Friday.

On a question regarding black money law, Ammann said that it is too early to talk about that as the procedures and the law itself first need to be understood.

However, Ammann assured that the Swiss Government will provide every assistance to India and both the governments will work together to bring back black money to India.