Skip to Content

Monday, August 19th, 2019
U.K. Signs Post-Brexit Trade Continuity Deal With Switzerland

U.K. Signs Post-Brexit Trade Continuity Deal With Switzerland

Closed
by February 11, 2019 Current Affairs

The deal means the nations can avoid having to trade under World Trade Organization terms, and eliminates duties on most goods traded between the U.K. and Switzerland, according to a statement Monday. The British automotive sector could avoid up to 8 million pounds ($10 million) a year in tariff charges under the agreement, it said.“Switzerland is one of the most valuable trading partners that we are seeking continuity for, accounting for more than 32 billion pounds worth of trade a year,” Trade Secretary Liam Fox said. “Not only will this help to support jobs throughout the U.K. but it will also be a solid foundation for us to build an even stronger trading relationship with Switzerland as we leave the EU.”

Author: Bloomberg

This article was originally posted on Daily Maverick First Thing.

Share our stories…Email this to someoneShare on FacebookShare on Google+Tweet about this on TwitterShare on LinkedIn
Visit us on fincheck
Vehicle insurance
Previous
Next