Until 31 December 2020, UNION products will continue to come from. The future regime will depend on the EU and UK setting up a free trade agreement or a mutual customs assistance agreement. In this case, the free trade agreement between Switzerland and the United Kingdom provides that Swiss companies can accumulate their exports to the United Kingdom of semi-old products originating in the EU. The effects of Brexit on the citizens of the UK will be felt in different ways, one of the main considerations being the economics. For the UK economy to prosper outside the European Union, the UK must conclude new international agreements. The financial services agreement will be discussed at the next financial dialogue between Ukraine and Switzerland on 8 September 2020. This meeting will be followed by the fact that not all agreements on economic and trade relations between Switzerland and the EU could be adopted under the Swiss-UK trade agreement, as they are still dependent on the future agreed solution between the EU and the UK. This has created some gaps that continue to create uncertainty: you must ensure that the work or treatment you do in the UK goes beyond the minimum transactions mentioned in the agreement and that the other relevant conditions are met. As part of its `Mind the Gap` strategy, the Federal Council intends to ensure that the reciprocal rights and obligations in its relationship with the UK apply as much as possible after the UK`s withdrawal from the EU and that they are extended in certain areas.
In this context, Switzerland and the United Kingdom have already signed agreements on road transport, air transport and insurance. In December 2018, the Federal Council adopted an agreement on citizens` rights with the United Kingdom. The importance of financial services agreements was underlined by Rishi Sunak, the Chancellor of the Exchequer of the United Kingdom, who said that you needed to check with the relevant customs authorities about your trade between the UK and Switzerland. In particular, the rules of origin agreed under the UK-Switzerland trade agreement will be reviewed no later than 30 months after the trade agreement enters into force. The initial agreement will last two years to ensure continuity immediately after the transition period. It will help lay the groundwork for a future improvement in trade relations between united Switzerland. The tariff quotas in the agreement have been specially adapted in the United Kingdom. “Today`s agreement is about our vision of the global economy as open, global and free – a vision that Switzerland shares with our long history of trade and finance.” 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). Each of these points is taken into account during the negotiations and the two nations are working on an agreement. Following the UK`s withdrawal, it is now up to the EU and the UK to negotiate a free trade agreement for the remaining transitional period until the end of 2020, with the aim of signing it by the end of the year.