Glimmer of hope for free trade agreement between Switzerland and the US
Talks on a free trade agreement between Switzerland and the United States could be a step closer following the signing of a memorandum of understanding that will see the Swiss customs office developing closer links with its counterparts in the US.
The Swiss Federal Department of Finance announced yesterday that the ‘legally non-binding’ memorandum of understanding, also signed by the US Department of Homeland Security, will enable customs officials to enhance contacts and improve cooperation. It should help to facilitate trade between the two countries and ensure security.
Negotiations on a free trade agreement began in 2006 but stalled mainly due to Switzerland’s stance on agriculture.
Swiss President Ueli Maurer met US President Donald Trump at the White House last week. On the agenda was a free trade agreement between Switzerland and the US.