ZURICH: Switzerland’s economy minister said he wants to have “background” talks with Britain so that a trade deal can be in place as soon as the UK leaves the European Union.
“My objective is clear. Not one day should pass after Britain’s exit (from the EU) without new regulations in place,” Johann Schneider-Ammann said. “It should be at least as good” as the present deal, he added.
Johann said Britain’s international trade minister, Liam Fox, showed strong interest in a deal with Switzerland at this month’s World Economic Forum (WEF) in Davos.
British Prime Minister Theresa May has promised to start the two-year process of leaving the EU by the end of March. The European Commmision has warned London against negotiating any new third-party trade deals as long as it remains an EU member.
But Schneider-Ammann suggested negotiations with Britain could take place “in the background and in parallel with the exit discussions” with the EU. “I would be personally very happy if we were one of the first countries to conclude a free-trade deal with Britain post-Brexit”, he said.
Switzerland is a founder member of the European Free Trade Association (EFTA), created in 1960 as a counterpart to the European Economic Community, as the precursor of the European Union was known.
Britain too was a founding EFTA member but left the group when it joined the EEC in 1973. The three EFTA members — Norway, Iceland and Liechtenstein — are also members of the European Economic Area (EEA) which gives them access to the EU’s single market, but Switzerland is not an EEA member.
