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The Switzerland–United Kingdom free trade agreement (SUKFTA) is a proposed free trade agreement which began negotiations on 15 May 2023. [1] The trade agreement would be the third FTA to cover Switzerland–UK trade, superseding the Switzerland–UK Trade Continuity Agreement, updating the deal to cover services and digital trade. [2]
The UK has no free trade agreement with any of the EU Overseas Countries and Territories. Greenland and the UK have opened negotiations for a free trade agreement. [168] [169] Montenegro: 1 15 October 2007 1 May 2010 1 January 2021 Goods & Services The UK has no free trade agreement with Montenegro. [170] [109]
The UK is the fourth-most important market in the world for Swiss investors. Around 700 Swiss companies currently do business in the UK with the financial sector playing a large role in Anglo-Swiss economic relations. [2] The British Swiss Chamber of Commerce is an independent organization providing network services for its over 500 members. [4]
UK–Denmark (Faroe Islands) free trade agreement: UK Denmark (Faroe Islands) January 31, 2019 UK–Israel free trade agreement: UK Israel February 18, 2019 UK–Switzerland free trade agreement: UK Switzerland February 11, 2019 Armenia–Kazakhstan free trade agreement: Armenia Kazakhstan December 25, 2001
The European Free Trade Association (EFTA) was created to allow European countries to partake in a free trade area with less integration as within the European Communities (later European Union). Most of the countries initially in EFTA have since joined the EU itself, so only four remain outside, Norway , Iceland , Liechtenstein and Switzerland .
The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland. [4] The organization operates in parallel with the European Union (EU), and all four member states participate in the European single market and are part of the ...
The British-Swiss Chamber of Commerce (BSCC) was founded in Bern on 14 July 1920. It was founded when economic relations between Switzerland and the United Kingdom intensified. The Chamber was created in response to growing trade relations and the need for institutionalised support for businesses in both countries. [3]
A study released by independent Swiss free-market liberal think tank Avenir Suisse and endorsed by the U.S. Embassy in Switzerland concluded that a trade agreement between Switzerland and the U.S. would net positively affect both. Within five years, trade in goods could increase by more than $14 billion and more than 40,000 new jobs could be ...