The fifth round of negotiations on an enhanced free trade agreement with Switzerland took place in London between 14 and 18 October 2024.
The talks were the UK’s first with the Swiss since the Secretary of State for Business and Trade, my right hon. Friend the Member for Stalybridge and Hyde (Jonathan Reynolds) announced the Government’s intention to deliver the UK’s FTA negotiations programme in July.
Economic growth is our first mission in Government and FTAs have an important role to play in achieving this. A stronger trade relationship with Switzerland will contribute to growth, jobs and prosperity in the UK, providing long-term certainty on UK business travel to Switzerland and helping data and ideas flow seamlessly between two world-leading services powerhouses. Total trade between the UK and Switzerland was worth £50.8 billion in 2023.
Talks continue to be constructive, with both countries working towards agreeing ambitious outcomes in key areas, including services, investment and digital. The talks will facilitate UK-Swiss co-operation in areas of mutual interest that support growth.
UK negotiators made good progress in this round and covered almost all areas of the negotiation, including but not limited to:
Services, investment and digital
Productive discussions were held on key technical issues, as we work towards consolidated chapter structures and texts. This will allow us to continue to have further technical discussions on remaining issues—including but not limited to digital and business mobility—and move towards economically and commercially meaningful market access proposals.
Intellectual property
Talks continued to advance, this round, on a number of technical rights areas, building on the existing high standards in international fora and in our respective domestic regimes.
Government procurement
Overall, constructive progress has been made on chapter text that builds upon the World Trade Organisation agreement on government procurement, of which we are both members. Discussions on economically and commercially meaningful market access continue.
Innovation
Negotiators continued discussions on ways to future-proof an enhanced FTA, given the rapidly changing nature of the global economy and the need to respond and adapt to the trade opportunities and challenges that arise from innovation.
Goods, trade facilitation and regulatory environment
Negotiators exchanged market access offers on goods, with the aim of achieving commercially meaningful outcomes. Discussions continued on technical issues regarding the movement of goods between the UK and Switzerland.
Negotiators also covered issues relating to the overall functioning of an upgraded agreement, as well as areas of future co-operation.
The Government will only ever sign a trade agreement which aligns with the UK’s national interests, upholding our high standards across a range of sectors, including protections for the national health service.
Round six of negotiations is expected to take place in Switzerland in early 2025. The Government will continue to work towards delivering outcomes in the FTA that secure economic growth for the UK, and will update Parliament on the progress of discussions with Switzerland as they continue to develop.
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