Current Trade Agreements With Switzerland

If you are currently using a EUR1 form, you will continue to do so. If you are currently using an EUR-MED form, you will continue to do so. Free trade agreements have reduced the prices of products for Swiss consumers and increased the supply of products. At the same time, Swiss producers benefit from lower prices for semi-produced products and raw materials. The agreement does not apply to trade in services. Indeed, there is currently no specific EU-Switzerland agreement on trade in services. However, we have taken steps to ensure that trade in services between the UK and Switzerland can continue from 1 January 2021. Benefits of agreements The agreements concluded in 2013 with free trade partners, with the exception of the free trade agreement with the EU, cover 22.6% of total Swiss exports. This represents 51% of Swiss exports to markets outside the EU. In particular, free trade agreements promote the growth, added value and competitiveness of the Swiss economic location. Meanwhile, exports to free trade partner countries saved CHF 1.8 billion in customs duties. See the list of minimum transactions in Article 7 of the Protocol on Rules of Origin in the text of the trade agreement between the United Kingdom and Switzerland.

Unless otherwise stated, the “EU” refers, for all years indicated, to the current European Union of 27 Member States. A report commissioned by the Federal Secretariat for Economic Affairs (SECO) found that Swiss companies had made good use of free trade agreements. An overview of the swiss free trade agreement network can be found in the section. Switzerland has been a member of the World Trade Organisation since July 1995. Within the framework of the WTO, Switzerland is committed to reducing tariffs and keeping services markets open. The WTO ensures that all Member States comply with the requirements imposed on them and that the requirements are properly implemented. With its accession, Switzerland is able to calm trade disputes with other countries over the WTO. [9] Updated page to provide detailed guidelines for trade with Switzerland from 1 January 2021. This includes information on import tariffs and rules of origin. Customs duties applicable to bilateral trade in goods between the United Kingdom and Switzerland will continue to apply from the entry into force of the Agreement. However, in some cases, non-preferential rates may actually be lower due to changes to the UK`s most-favoured-nation tariff schedule.

Switzerland is restoring its trade policy in accordance with the harmonised system first introduced in 1988. for each good intended for import or export, an eight-digit tariff heading, indicated by the Harmonized System, is required. [10] Switzerland`s trade policy refers to Switzerland`s approach to importing and exporting with other countries. . . .