The Swiss-UK bilateral Free Trade Agreement (FTA) entered into force on 1 January 2021 after existing agreements were rolled over to avoid a cliff-edge situation after Brexit. The trade agreement provides for duty-free bilateral trade in industrial goods and for a partial liberalization of trade in processed agricultural products. Now, however, it is time for a modernisation of the bilateral FTA that allows us to expand the agreement to new areas of trade.
A modernisation of the bilateral FTA would allow us to agree on state-of-the-art disciplines that are nowadays included in modern FTAs that both our countries have concluded with other partners in recent years. These include modern provisions and new areas such as services, investment, intellectual property, digital trade and sustainability.
We have established a trade dialogue and are looking at a modernisation of our existing FTA, for which there is strong interest on both sides. The UK’s Department for International Trade and Switzerland’s State Secretariat for Economic Affairs are working towards exploratory discussions to drive forward the development of our bilateral trading relationship and pursue an enhanced and modernised FTA between Switzerland and the UK.
Further information on Switzerland's trade relationship with the UK can be found here.