The United Kingdom and Switzerland have recently signed a continuity agreement that will ensure trade continues to flow smoothly between the two countries after Brexit. This agreement is significant as Switzerland is one of the UK’s largest trading partners outside of the EU, with trade between the two countries worth over £32 billion in 2017.

The continuity agreement will replicate the existing trade agreement between the EU and Switzerland, which covers areas such as trade in goods, services, and public procurement. This will provide stability and certainty for businesses that rely on trade between the UK and Switzerland. The agreement also covers intellectual property, including trademarks and geographical indications, as well as provisions on customs and rules of origin.

The UK-Swiss continuity agreement is part of a wider effort by the UK government to secure continuity of existing trade agreements with key trading partners after Brexit. These agreements are important for both UK businesses and consumers, as they ensure that goods and services can continue to be traded on the same terms as before.

The UK is set to leave the EU on 31st October 2019, with or without a withdrawal agreement. Trade agreements signed with third countries, such as Switzerland, will be an important part of the UK’s future trade policy as it seeks to forge new relationships outside of the EU.

For businesses that rely on trade with Switzerland, it is important to understand how the continuity agreement will affect them. Some businesses may need to make changes to their supply chains or customs procedures to ensure they are compliant with the new agreement. It is also important for businesses to stay up-to-date with any further developments relating to trade agreements with Switzerland and other countries.

In summary, the UK-Swiss continuity agreement is a positive step for businesses that rely on trade between the two countries. It provides much-needed stability and certainty in uncertain times and lays the groundwork for future trade relationships with Switzerland and other key trading partners. It is important for businesses to stay informed and take any necessary action to ensure they are prepared for the changes ahead.