It comes when ministers rush to ensure the continuity of some 40 free trade agreements concluded by the EU, which affect more than 70 countries to which Britain currently has access through EU membership, but which will lose after Brexit. The agreement is expected to enter into force on 1 January 2021 (or as soon as possible). Mutual recognition agreements – under which a product legally sold in one country can be sold in another country – have also been signed with Australia and New Zealand. In 2017, Fox said the UK could “replicate the 40 free trade agreements before leaving the EU” on March 29 so there would be no trade disruptions. The Secretary of State for International Trade and Chairman of the Trade Council, The Rt Hon Dr. Liam Fox MP, today (Monday 11 February) signed the agreement between Great Britain and Switzerland with Swiss Federal Councillor Guy Parmelin in Bern. About $32 billion in trade is made each year between the UK and Switzerland, with 15,000 British exporters selling with the country. The Minister for International Trade signed the agreement between Great Britain and Switzerland in Bern with Swiss Federal Councillor Guy Parmelin. An agreement on continued trade will benefit UK businesses and consumers from continued trade with Switzerland after leaving the European Union. It provides significant continuity for businesses and paves the way for a more advanced agreement with Switzerland in the future. As part of its integration strategy, Switzerland has concluded at an early stage a series of new agreements with the United Kingdom in the areas of trade, migration, road and air transport and insurance. The aim of this strategy is to protect existing reciprocal rights and obligations as much as possible.

Secondly, cooperation between Switzerland and the United Kingdom will be strengthened beyond current levels, in the interests of both parties (Mind the Gap). Read here: EU trade agreement with Switzerland The UK government has reserved the powers for international trade and trade agreements, as well as the right and power to legislate on all matters under parliamentary sovereignty. , a spokesperson for the Ministry of International Trade said: “Our priority is to avoid disruptions to our global trade relations when we leave the European Union and we aspire to the continuity of existing free trade agreements.” The UK auto sector could avoid up to $8 million in tariffs on its exports, which would apply if the deal was not in force, while aluminum exporters could avoid up to $4 million and gemstones and metal exporters could also avoid up to $4 million.