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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 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]
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]
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 Biden-Harris administration has ceased U.S.-U.K. trade negotiations, leaving the U.S. with high barriers to trade. One obvious solution is for the U.K. to join USMCA, which was successfully ...
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]
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.
Switzerland signed a free-trade agreement with the then European Economic Community in 1972, which entered into force in 1973. [2] Switzerland is a member of the European Free Trade Association (EFTA), and took part in negotiating the European Economic Area (EEA) agreement with the European Union. It signed the agreement on 2 May 1992, and ...