The UK and Switzerland have secured a far-reaching agreement on services that maintains high quality access for UK service suppliers to the Swiss market.
The deal is part of the government’s strategy to place the UK at the centre of a network of modern free trade agreements with dynamic economies, and to enhance our status as a global services hub.
The UK-Switzerland Services Mobility Agreement will allow UK professionals and other service workers to continue travelling freely to Switzerland and work visa-free for up to 90 days a year.
This deal will support trade in vital industries of the UK economy, including finance, consultancy, legal services, the tech sector and the creative industries.
When travelling to Switzerland, UK professionals will be able to do business as they do now and will not face economic interest tests, work permits or lengthy processing times for the first 90 days.
The agreement builds on the existing UK-Switzerland trade deal and will enter into force from 1 January 2021.Together, these deals will support over £37 billion worth of trade, ensuring low or zero tariffs access for thousands of products including cars, medicines and watches.
The initial agreement will last for two years to ensure continuity immediately after the transition period. It will help lay the groundwork for an enhanced UK Switzerland trading relationship in the future.
The UK and Switzerland have also committed to work together on the mutual recognition of professional qualifications in each other’s country. This will make it easier for British professionals – from accountants to architects – to practise in Switzerland.
International Trade Secretary Liz Truss said:
Antony Walker, Deputy CEO techUK said:
Miles Celic, Chief Executive Officer, TheCityUK said:
Sally Jones, EY’s Trade Strategy and Brexit Lead, said:
Policy Chair at the City of London Corporation Catherine McGuinness said: