UK and Switzerland to sign post-Brexit trade agreement
Updated : February 11, 2019 06:45 AM IST
The formal signing of the deal, on which agreement had previously been announced, is one of the only handfuls of concrete steps Britain has made towards ensuring that all the trade deals it currently benefits from as an EU member will continue after it leaves the bloc next month.
The deal reflects Switzerland’s “mind the gap” strategy of ensuring seamless trade ties with Britain, regardless of whether London is able to strike and approve a formal exit agreement with Brussels by March 29, the date it is scheduled to leave.
Britain has reached an impasse in its last-minute renegotiation of an exit deal that it agreed with the EU last year but that was overwhelmingly rejected by the British parliament in January.