A free trade agreement with the United States will attract investment to Ukraine and will be an additional guarantee of economic security, Ukrainian President Volodymyr Zelenskyy has said.
The United States will cut its tariffs on goods from Switzerland to 15% from 39% under a new framework trade agreement. Swiss Economics Minister Guy Parmelin reached a deal after a whirlwind visit to Washington on Thursday, the Federal Council said.
Switzerland is close to securing a 15% tariff on its exports to the US, in what would be a relief for the country after it was hit with a punishing 39% levy in August.
An enhanced FTA with Switzerland will deliver long-term certainty for UK services firms, by locking in access to the Swiss market, guaranteeing the free flow of data and cementing business travel arrangements.
Ongoing consultations on a free trade agreement were reviewed, and it was noted that a joint statement on the launch of negotiations is expected to be made in the near future.
The parties discussed priority areas of bilateral trade and economic cooperation. Special emphasis was placed on the readiness of both Georgia and Serbia to sign a Free Trade Agreement and the importance of the steps already taken in this direction.
The European Council has agreed to reduce and eliminate duties on a range of Ukrainian agricultural products, paving the way for the first significant update to tariffs under an EU-Ukraine trade agreement since it was adopted in 2016.
These fast track trade deals risk serving the business interests of transnational corporations instead of contributing to more sustainable trading relationships.
On 16 September, more than 50 organisations and movements from at least 17 countries in Latin America and the European Union are launching a joint campaign against toxic free trade agreements between the two regions.