Britain signs trade deal with Switzerland

The government has signed a trade deal with Switzerland, heralded as the most significant such agreement in the run-up to Brexit.

The deal, known as a trade continuity agreement, will guarantee future trading terms between the two countries once the UK has left the EU.

It was signed, in the Swiss city of Bern, by International Trade Secretary Liam Fox and the Swiss federal councillor Guy Parmelin.

The agreement is designed to remove the threat of additional tariffs in trade between the two countries and to also to lift the possibility of additional duties on “the vast majority of goods”.

The government says that “trading on these preferential terms”, as opposed to sticking to the terms of the World Trade Organisation, “will deliver significant savings and help to safeguard British jobs”.