The UK has started work for a new enhanced trade deal with Switzerland following talks between Prime Minister Boris Johnson and Swiss President Ignazio Cassis. The enhanced deal aims to boost two-way trade between two of the world’s biggest services superpowers through measures including breaking down barriers and opening up access for U.K. firms to the Swiss market. Switzerland is already an important partner for the UK, with bilateral trade worth nearly £35 billion annually.
Ahead of agreeing a UK mandate for negotiations, the Department for International Trade is seeking input from members of the public, businesses, and other interested stakeholders to inform negotiation objectives and understanding of the economic, environmental and social impacts of an enhanced Free Trade Agreement (FTA) with Switzerland.
The UK Government has now launched an eight-week consultation on the new UK-Swiss FTA. DIT are seeking input on which aspects of the UK’s current trading arrangements with Switzerland they should look to improve or amend.
This consultation closes at 11:45pm on 22 June 2022. Please access the consultation page here.