Commons Sense

House of Commons · Written Ministerial Statement

Switzerland Trade Policy Update

28 April 2022 · Department for International Trade

Proposed by Anne-Marie Trevelyan Con Berwick-upon-Tweed

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The UK has launched a call for input to enhance the UK-Switzerland Free Trade Agreement.
  • Feedback will inform negotiations for an ambitious FTA and shape future policy positions.
  • Stakeholders are invited to provide input on boosting trade and investment ties.

Issue summary

The statement discusses launching a call for input on an enhanced UK-Switzerland Free Trade Agreement to boost trade and investment ties.

Action requested

A call for input has been launched to gather feedback from stakeholders, which will inform negotiations for an ambitious UK-Switzerland FTA. Feedback will help shape the mandate and policy positions for future talks.

Key facts

  • The UK and Switzerland's bilateral trade is worth nearly £35 billion annually.
  • The current trading relationship is based on the 1972 EU-Switzerland agreement, lacking services and digital trade provisions.
  • Service exports from the UK to Switzerland rose from £2.4 billion in 2000 to £12.2 billion in 2020.
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