Switzerland Seeking Post-Brexit Trade Deal With UK
World Economy

Switzerland Seeking Post-Brexit Trade Deal With UK

Switzerland’s economy minister said Sunday he wants to have “background” talks with Britain so that a trade deal can be in place as soon as the UK leaves the European Union.
“My objective is clear. Not one day should pass after Britain’s exit (from the EU) without new regulations in place,” Johann Schneider-Ammann told Blick daily. “It should be at least as good” as the present deal, he said, AFP reported.
The paper said Britain’s international trade minister, Liam Fox, showed strong interest in a deal with Switzerland at this month’s World Economic Forum in Davos. 
British Prime Minister Theresa May has promised to start the two-year process of leaving the EU by the end of March.
The European Commission has warned London against negotiating any new third-party trade deals as long as it remains an EU member. But Schneider-Ammann suggested negotiations with Britain could take place “in the background and in parallel with the exit discussions” with the EU.
“I would be personally very happy if we were one of the first countries to conclude a free-trade deal with Britain post-Brexit”, he said.
Switzerland is a founder member of the European Free Trade Association, created in 1960 as a counterpart to the European Economic Community, as the precursor of the European Union was known.
Britain too was a founding EFTA member but left the group when it joined the EEC in 1973.
The three EFTA members—Norway, Iceland and Liechtenstein—are also members of the European Economic Area which gives them access to the EU’s single market, but Switzerland is not an EEA member.
Asked about relations with the new US administration of President Donald Trump, the minister was cautious. “We are waiting to see what happens” regarding the Transatlantic Trade and Investment Partnership, negotiations for which have been ongoing since 2013. He said if a TTIP deal is concluded then Switzerland could join.
However, Trump is widely expected to drop any attempt to seal the accord.


Short URL : https://goo.gl/YpNzpt
  1. https://goo.gl/47QijG
  • https://goo.gl/d8E8zY
  • https://goo.gl/96wphR
  • https://goo.gl/vX6gME
  • https://goo.gl/UCjiXJ

You can also read ...

The expected increase in the squeeze on living standards comes as the weak pound pushes up the cost of imported  fuel, food and raw materials.
All eyes will turn Tuesday to Britain’s consumer price index...
Australia Household Debt Rising
Household debt in Australia has been on the rise as more...
The eurozone economy has enjoyed a surprisingly strong 2017.
Exports of goods from the eurozone jumped in August,...
Venezuela Needs $30b a Year to Rescue Economy
The International Monetary Fund calculates a potential rescue...
World Bank says another $500 billion in infrastructure spending is needed over the next five years.
Indonesia is on track to become a trillion-dollar economy and...
Japan Factory Output Up
Japan’s industrial production increased less than initially...
Increase in China Factory Price Inflation
China’s factory price inflation rose again in September,...
Russia FDI Almost Doubles
The volume of foreign direct investment has almost doubled in...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.