by The UK market is being opened up to Switzerland in more than 30 service sectors Keystone 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. The Services Mobility Agreement (SMA), signed in London on Monday, regulates the mutual access and temporary stay of service suppliers – for example management consultants, IT experts or engineers – the economics ministry said in a statement. The agreement was necessary because from January the agreement on the free movement of persons between Switzerland and the EU would no longer apply to the UK, owing to Brexit. Britain
Topics:
Swissinfo considers the following as important: 3) Swiss Markets and News, 3.) Swiss Business and Economy, Featured, Latest News, newsletter
This could be interesting, too:
Frank Shostak writes Assumptions in Economics and in the Real World
Conor Sanderson writes The Betrayal of Free Speech: Elon Musk Buckles to Government Censorship, Again
Nachrichten Ticker - www.finanzen.ch writes Bitcoin erstmals über 80.000 US-Dollar
Nachrichten Ticker - www.finanzen.ch writes Kraken kündigt eigene Blockchain ‘Ink’ an – Neue Ära für den Krypto-Markt?
The UK market is being opened up to Switzerland in more than 30 service sectors Keystone
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.
The Services Mobility Agreement (SMA), signed in London on Monday, regulates the mutual access and temporary stay of service suppliers – for example management consultants, IT experts or engineers – the economics ministry said in a statement.
The agreement was necessary because from January the agreement on the free movement of persons between Switzerland and the EU would no longer apply to the UK, owing to Brexit. Britain officially left the EU on January 31, 2020; the two sides are currently trying to hammer out a trade deal before Britain’s transition out of the bloc ends on December 31.
Specifically, Switzerland will retain the existing notification procedure for service providers from the UK of up to 90 days a year. In 2019 there were 3,800 such registrations from the UK.
Preferential conditions
On the UK side, the market is being opened up to Switzerland through “market access commitments” in more than 30 service sectors, the economics ministry said. This means service suppliers from Switzerland can stay in the UK for up to 12 months in any 24-month period.
In addition, the UK is granting further preferential conditions, according to the ministry. “Swiss service providers are not subject to an economic needs test for these sectors and are not required to provide evidence of knowledge of English.”
Market access to the UK under the SMA is currently limited to people with qualifications at university or equivalent level. However, the economics ministry says the UK has undertaken to reassess the equivalence of Swiss vocational education and training qualifications.
The SMA is initially limited to two years. However, the contracting parties may jointly decide to extend the duration.
You Might Also Like
SWISS slowly expands web of destinations from Zurich and Geneva
2020-07-01
Swiss International Air Lines (SWISS) has published its flight schedules up to October 24, the end of the summer timetable. As well as resuming service to more network destinations, it plans to intensify its frequencies on routes already restored in both its short-haul and long-haul networks.
Credit Suisse settles U.S. shareholder lawsuit
2020-07-13
Major Swiss bank Credit Suisse has agreed to pay $15.5 million (CHF14.6 million) to settle a dispute with shareholders in the United States, according to court filings on Friday.
Group challenges law behind Covid-19 tracing app
2020-07-23
A committee has launched a referendum against changes made to the Epidemics Act to allow the introduction of the SwissCovid tracing app. The citizens say they’re concerned about data security.
Swiss banks eye Hong Kong clients for pro-democracy ties
2020-07-22
Global wealth managers are examining whether their clients in Hong Kong have ties to the city’s pro-democracy movement, in an attempt to avoid getting caught in the crosshairs of China’s new national security law, according to six people with knowledge of the matter.
Swiss business raided over Fiat-Iveco ‘Dieselgate’ probe
2020-07-26
Investigators have searched offices of car giant Fiat Chrysler and truck maker CNH Industrial in Switzerland, Germany and Italy as part of a German-led probe into suspected illegal manipulation of diesel emissions.
Murdoch becomes major shareholder in Swiss MCH group
2020-08-04
James Murdoch, the son of media tycoon Rupert Murdoch, has been elected to the board of directors of the leading Swiss exhibitions group, MCH.
Pressure mounts on Swiss refinery Valcambi over questionable gold origins
2020-08-17
Industry associations are calling on Switzerland’s largest gold refinery to clarify the origins of its gold purchased from Dubai traders.
First Skydive from a Solar Electric Plane Accomplished in Switzerland
2020-08-26
The world’s first skydive off the solar-powered electric plane SolarStratos has been completed successfully in western Switzerland. SolarStratos took off from the aerodrome in Payerne at 7:40am on Tuesday with two people on board: test pilot Miguel Iturmendi and co-pilot Raphaël Domjan.
Tags: Featured,Latest news,newsletter