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Swiss government: will advance implementation of trade commitments to the US, expects the US to fulfill reciprocal obligations

金色财经_
Jinse Finance reports that on June 30, the Swiss government issued a statement saying that it signed a joint declaration with the United States last year aimed at stabilizing bilateral trade relations. As part of ongoing tariff negotiations with the U.S., the Federal Council recently released a declaration of intent outlining how it will implement the specific commitments arising from the previous joint declaration. In addition to having already lowered import tariffs on certain U.S. goods after signing the declaration, the council also plans to take further measures to implement the relevant agreement. These measures include simplified recognition of U.S. standards in areas such as conformity assessment bodies, medical devices, passenger vehicles, and government procurement. The council will implement these measures by amending regulatory rules. The implementation of these measures is consistent with the goals set out in the joint declaration and aligns with the mandate for negotiations with the U.S. The council also expects the U.S. side to fulfill its commitments as well. The announcement will further help stabilize the bilateral economic relationship between Switzerland and the United States and provide greater planning certainty for Swiss exporters. Negotiations on a legally binding trade agreement are still ongoing.
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