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MoneyU.K. Signs Post-Brexit Trade Continuity Deal With Switzerland

12:10  11 february  2019
12:10  11 february  2019 Source:   msn.com

PM tells EU 'unacceptable' to call Gibraltar 'colony'

PM tells EU 'unacceptable' to call Gibraltar 'colony' Downing Street has said it is "completely unacceptable" to describe Gibraltar as a "colony", after the term was used in an EU document. On Friday, EU ambassadors agreed to allow UK citizens visa-free travel to the continent - even after a no-deal Brexit - but the proposal prompted a fresh row over "The Rock". Britons travelling to the bloc's borderless Schengen area - made up of 26 European countries - after 29 March should be granted visa-free travel for a short stay, the European Council proposed.

The Chancellor signed the UK - Swiss Direct Insurance Agreement in Davos, Switzerland . The insurance sectors of the UK and Switzerland are set to continue trading freely with one another The arrangement will provide continuity of the effects of the existing EU agreement with the US, once the

Brexit (/ˈbrɛksɪt/ or /ˈbrɛɡzɪt/), (Irish: Breatamach) a portmanteau of "British" and "exit", is the impending withdrawal of the United Kingdom ( UK ) from the European Union (EU).

U.K. Signs Post-Brexit Trade Continuity Deal With Switzerland © Bloomberg Novelty Swiss cow and cowbell fridge magnets hang on display inside a souvenir shop in Lugano, Switzerland, on Tuesday, Nov. 15, 2016. While the Swiss National Bank (SNB) admitted to interventions to weaken the franc following the Brexit referendum, it declined to comment after the U.S. election last week.

The U.K. reached an agreement with Switzerland that will allow it to continue trade without any additional tariffs after it leaves the European Union.

The deal means the nations can avoid having to trade under World Trade Organization terms, and eliminates duties on most goods traded between the U.K. and Switzerland, according to a statement Monday. The British automotive sector could avoid up to 8 million pounds ($10 million) a year in tariff charges under the agreement, it said.

Government to miss Brexit trade deal target

Government to miss Brexit trade deal target Government officials have admitted for the first time that they will not be able to renegotiate all trade treaties involving the European Union by the end of March. The UK is party to around 40 European treaties, covering trade with more than 70 countries and making up 12% of the UK's total trade. In the event of no deal, each would need to be rewritten, either with new terms or by mirroring the existing terms, a process known as "rolling over". Two years ago, the International Trade Secretary Liam Fox said that updated versions of all those treaties should be ready to sign within a minute of Britain leaving the EU.

As the US and UK prepare to negotiate post - Brexit trade , there are fears that food safety standards could plummet, leading to the appearance in the While the UK government has been cagey about the details of a possible deal , a source close to Fox reportedly told the Telegraph that the minister felt the

Britain and Switzerland will sign an agreement on Monday (11 February) to continue trading on preferential terms after Brexit , the British trade A similar continuity agreement has been announced with Israel, and ‘mutual recognition’ deals have been agreed with Australia and New Zealand.

U.K. Signs Post-Brexit Trade Continuity Deal With Switzerland © Getty

“Switzerland is one of the most valuable trading partners that we are seeking continuity for, accounting for more than 32 billion pounds worth of trade a year,” Trade Secretary Liam Fox said. “Not only will this help to support jobs throughout the U.K. but it will also be a solid foundation for us to build an even stronger trading relationship with Switzerland as we leave the EU.”

To contact the reporter on this story: Lucy Meakin in London at [email protected]

To contact the editors responsible for this story: Fergal O'Brien at [email protected], Keith Campbell, Steve Geimann

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Labour back second Brexit referendum.
Labour have announced they will back a second referendum on Brexit. Jeremy Corbyn will tell a meeting of Labour MPs that the party will support or put forward an amendment in favour of a public vote to "prevent a damaging Tory Brexit being forced on the country". "The prime minister is recklessly running down the clock, in an attempt to force MPs to choose between her botched deal and a disastrous no deal," he is due to tell them. "We cannot and will not accept." It comes after Theresa May admitted she will not get a revised Brexit deal in time for MPs to hold a "meaningful vote" on it this week.

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