Wed, 15 Jul 2020

Britain to ink post-Brexit trade deal with Swiss

By Jay Jackson, New Mexico State News.Net
11 Feb 2019, 10:51 GMT+10

LONDON, UK - A major consolation prize for the UK, in its coninuing impasse over the Brexit deal, will be picked up on Monday when Britain inks a trade deal with Switzerland, which will protect UK-Swiss trade beyond the country's withdrawal from the European Union.

In the overall scheme of things, it is not a big deal although imports and exports to and from Switzerland account for 32 billion pounds ($41.41 billion), however the main gain is it ihas some symbolical significance. 

The terms of the pact have already been agreed, all that is to occur is the signing.

For Britain, it is another step in the long road ahead in its post-Brexit world. Similar trade protection agreements have been struck with other countries however the list is small, as are the populations of those countries (Australia, New Zealand and Israel).

Nonetheless the minister for Britain's department of trade is upbeat about the agreement he will be signing on Monday.

"Not only will this help to support jobs throughout the UK but it will also be a solid foundation for us to build an even stronger trading relationship with Switzerland as we leave the EU," International Trade minister Liam Fox said in a statement released on Sunday. 

Mr. Fox has been busily planning for a life beyond the EU-pact dissolving. "Remember that there is a world beyond Europe and there will be a time beyond Brexit," he said in a speech earlier this month.

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