Agricultural protectionism—a rare exception to Switzerland's free trade policies—has contributed to high food prices. Product market liberalisation is lagging behind many EU countries according to the OECD. Nevertheless, domestic purchasing power is one of the best in the world. Apart from agriculture, economic and trade barriers between the European Union and Switzerland are minimal and Switzerland has free trade agreements worldwide. Switzerland is a member of the European Free Trade Association (EFTA). COUNT 5
QSN1 What has contributed to high food prices in Switzerland? ANS1 Agricultural protectionism QSN2 What type of trade agreements does Switzerland have worldwide? ANS2 free QSN3 What is the EFTA? ANS3 European Free Trade Association QSN4 What is Switzerland's world ranking in domestic purchasing power? ANS4 one of the best QSN5 According to the OECD, what is Switzerland lagging behind many EU countries in? ANS5 Product market liberalisation