by Switzerland has signed a number of deals with the UK as part of its “Mind the Gap” strategy to maintain bilateral relations as much as possible in the wake of Brexit. (Swiss Justice Minister Karin Keller-Sutter and the UK’s Brexit Minister Stephen Barclay seen here in 2019) Copyright 2019 The Associated Press. All Rights Reserved The Swiss government has approved an agreement with Britain on mutual recognition of companies with “AEO” customs security approval, designed to facilitate trade. This agreement is “intended to reduce technical barriers to trade and facilitate trade with the United Kingdom for companies with AEO status”, according to a government press releaseExternal link on Wednesday. The accord has yet to be ratified by Britain. Authorised Economic
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swissinfo Business and Economy, Featured, Latest News, newsletter
This could be interesting, too:
Nachrichten Ticker - www.finanzen.ch writes Krypto-Ausblick 2025: Stehen Bitcoin, Ethereum & Co. vor einem Boom oder Einbruch?
Connor O'Keeffe writes The Establishment’s “Principles” Are Fake
Per Bylund writes Bitcoiners’ Guide to Austrian Economics
Ron Paul writes What Are We Doing in Syria?
Switzerland has signed a number of deals with the UK as part of its “Mind the Gap” strategy to maintain bilateral relations as much as possible in the wake of Brexit. (Swiss Justice Minister Karin Keller-Sutter and the UK’s Brexit Minister Stephen Barclay seen here in 2019) Copyright 2019 The Associated Press. All Rights Reserved
The Swiss government has approved an agreement with Britain on mutual recognition of companies with “AEO” customs security approval, designed to facilitate trade.
This agreement is “intended to reduce technical barriers to trade and facilitate trade with the United Kingdom for companies with AEO status”, according to a government press releaseExternal link on Wednesday. The accord has yet to be ratified by Britain.
Authorised Economic OperatorExternal link (AEO) status for approved companies was introduced as part of international measures to increase customs security after the terrorist attacks of September 11, 2001. Companies with AEO status are “considered particularly trustworthy, which is why they enjoy privileges with respect to security-related customs controls and can take advantage of customs clearance simplifications”, says the government press release.
This comes after Britain officially left the European Union on December 31, 2020, bringing more customs formalities for British companies.
In October 2016, the Swiss government adopted its “Mind the GapExternal link” strategy aimed at guaranteeing as far as possible the mutual rights and obligations of citizens in all areas that currently link Switzerland and Britain. Although not a member of the EU, Switzerland follows many EU rules, notably on trade.
You Might Also Like
Weekly SNB Sight Deposits and Speculative Positions: SNB selling euros and dollars
2021-04-12
Update April 12 2021: SNB selling euros and dollars. Sight Deposits have fallen: The change is -0.5 bn. compared to last week, this means the SNB is selling euros and dollars.
Switzerland and ILO sign agreement on development cooperation
2021-04-02
Economics Minister Guy Parmelin and the Director-General of the International Labour Organization (ILO), Guy Ryder, have concluded an agreement on development cooperation. Parmelin, who holds the rotating Swiss presidency this year, also announced that Switzerland had joined a global platform to combat child labour, forced labour and human trafficking, the government said on Thursday.
Hack on US security-camera company sparks Swiss police raid
2021-03-15
Swiss authorities on Monday confirmed a police raid at the home of a Swiss hacker who took credit for helping to break into a US security-camera company’s online networks, part of what the hacker cited as an effort to raise awareness about the dangers of mass surveillance.
Switzerland experiences highest unemployment rate in a decade
2021-02-08
The unemployment rate in Switzerland rose again in January, reaching 3.7% – the highest level since April 2010.
Swiss Corporate Merger Activity Dampened by Covid
2021-01-23
The coronavirus pandemic left its mark on mergers and acquisitions (M&A) in Switzerland last year. The volume of transactions halved, and the number of deals was also down. Overall, the number of transactions with Swiss participation fell from 402 to 363. At $63.1 billion (CHF56 billion), the transaction volume was only half what it was in 2019 – mainly owing to the absence of mega-deals, consultants KPMG said on Thursday.
‘We were too lax’ admits Swiss health minister on Covid-19
2020-12-29
In an interview with Swiss public television, SRF, Health Minister Alain Berset has acknowledged that Switzerland made mistakes in managing the coronavirus outbreak.
Switzerland and UK sign agreement on mobility of service suppliers
2020-12-15
An agreement that secures reciprocal, facilitated market access for service providers from Switzerland and Britain from January 1 has been signed by Economics Minister Guy Parmelin and Liz Truss, the British Secretary of State for International Trade.
Nuclear plant worker’s cancer judged not to be a work-related illness
2020-11-20
The Federal Court has dismissed the appeal of a former employee of two Swiss nuclear power plants who was diagnosed with bladder and prostate cancer. The man took legal action after the national accident insurance fund refused benefits for an occupational illness.
Tags: Featured,Latest news,newsletter