The United Kingdom and Switzerland inked an agreement on Monday that would allow both UK and Swiss business to continue trading without any additional tariffs and duties on goods, the UK Department for International Trade said in a statement.
The agreement was signed earlier in the day in the Swiss city of Bern by UK Secretary of State for International Trade Liam Fox and Swiss Federal Councillor Guy Parmelin.
The new agreement will help to further boost burgeoning trade between the United Kingdom and Switzerland, which in 2017 amounted to over 32 billion pounds ($41 billion), according to the UK Department for International Trade.