Free Trade Agreement between United Kingdom and the States of the European Free Trade Association

The free trade agreement between the United Kingdom and Switzerland entered into force on 1 Jan 2021. 

It provides preferential border tariff treatment to most industrial products, including most energy products including: 

• Electric motors, turbines and generators; 
• Mechanical equipment including pumps, appliances, and other advanced machinery; 
• Electric accumulators, transformers, capacitors, batteries; 
• Motor vehicles; 
• Mineral ore, slag and ash; 
• Mineral fuels, oils and other products; 
• Metals and their articles e.g. iron and steel; 
• Semiconductors devices and photovoltaic cells; 

Rule of origins apply to qualify for the preferential tariff treatment, with conditions to confer originating status include but are not limited to the following: 

• For mineral ores, fuels and metals, including iron and steel, include manufacturing from materials of any heading, except that of the product
• For petroleum oils and gases, refining of non-originating materials or other operations provided that materials same as the product heading is not more than 50% of the ex-works price of the product 
• For most of the remaining products, manufacturing from non-originating materials except the product itself ,or value of all the manufacturing materials used does not exceed 50 % of the ex-works price of the product

Want to know more about this policy ? Learn more (https://www.seco.admin.ch/seco/en/home/Aussenwirtschaftspolitik_Wirtschaftliche_Zusammenarbeit/Wirtschaftsbeziehungen/brexit.html)