The United States, Switzerland, and Liechtenstein have announced plans to negotiate a mutual trade agreement aimed at fostering balanced trade relationships and promoting economic growth. The agreement seeks to create quality jobs and establish secure supply chains while enhancing investment opportunities.
Key Areas of Focus:
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Investments: Switzerland aims to facilitate $200 billion in U.S. investments over five years, while Liechtenstein plans to support $300 million. Both countries will encourage job creation in the U.S. private sector and collaboration on training programs.
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Tariffs: The agreement will establish zero tariffs for various U.S. products and maintain most-favored-nation (MFN) rates for others, particularly pharmaceuticals and semiconductors.
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Non-tariff Barriers: The participants will ensure fair treatment under their respective regulations and standards for various sectors, collaborate on issues concerning medical devices, and streamline sanitary requirements for agricultural products.
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Digital Trade: Switzerland and Liechtenstein will avoid imposing digital services taxes and work towards facilitating cross-border data flows and interoperability of privacy frameworks.
- Economic Security: The countries aim to strengthen cooperation on economic security and supply chain resilience, addressing non-market policies from third countries.
The negotiation process is set to begin immediately, with the goal of concluding the agreement by early 2026. It is important to note that the document is non-binding and does not create legal rights or obligations under international law.
