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Switzerland Trade Policy Update

28 April 2022

Proposing MP
Anne-Marie Trevelyan Con
Berwick-upon-Tweed
Type
Written Ministerial Statement
Department
Department for International Trade
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At a Glance

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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