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Trump wants United States-Switzerland trade deal

US President Donald Trump has told Switzerland that the time has come for a Swiss-US free trade agreement, however the US leader was less willing to make a commitment on other Swiss priorities like climate change.

Trump wants United States-Switzerland trade deal
Photo: FABRICE COFFRINI / AFP

Meeting with Swiss President Simonetta Sommaruga at the World Economic Forum in Davos, Switzerland, US President Trump said he wants to fast-track a deal to strengthen trade relations with the two countries. 

“Let’s see what we can do…. I would like to have an agreement on trade” Trump said during the meeting. 

The Swiss President later told the media that the discussion was “very open” and lasted longer than initially planned. 

Although the US President’s statements are positive for free trade advocates, the American leader made similar statements in May of 2019. 

Attempts to develop a trade agreement between the two countries have been previously stalled due to disagreements mainly related to agriculture. 

The US president also agreed in principle with a Swiss plan to create a ‘humanitarian channel’ through which payments can be made. 

Less willingness on non-trade-related issues

President Sommaruga’s efforts to get a greater degree of US commitment on issues not related to trade were less successful however. 

READ MORE: Did you know? Two-thirds of Switzerland's energy comes from renewables

Sommaruga said urgent action was required on climate change to address a “burning world” which “concerns us all”. 

Trump however remained non-committal, saying only that he was a fan of Switzerland’s use of hydro-power. 

 

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TRADE

Norway and UK strike post-Brexit trade deal

Norway and the United Kingdom have struck an agreement on a free trade deal, the Norwegian government announced on Friday.

Norway and UK strike post-Brexit trade deal
Erna Solberg outside 10 Downing Street in 2019. (Photo by LUDOVIC MARIN / POOL / AFP)

Negotiations over the agreement have been ongoing since last summer, and the Norwegian government said that the deal is the largest free trade agreement Norway has entered into, outside of the EEA agreement. 

“The agreement entails a continuation of all previous tariff preferences for seafood and improved market access for white fish, shrimp, and several other products,” the Ministry of Trade and Industry said in a statement.  

One of the sticking points of the negotiations was Norway wanting more access to sell seafood in the UK, while the UK wanted more access to sell agricultural products like cheese.

The latter was a problem due to Norway having import protection against agricultural goods. 

“This agreement secures Norwegian jobs and value creation and marks an important step forward in our relationship with the UK after Brexit. This is a long-term agreement, which at the same time helps to accelerate the Norwegian economy,” Prime Minister Erna Solberg said in a statement.  

 The United Kingdom is Norway’s second most important single market, after the EU. In 2020 Norwegian companies exported goods worth 135 billion kroner to the UK and imported around 42 billion kroner of goods from the UK. 

Norway has given Britain 26 quotas on agricultural products, but not for mutton and beef. The agreement does not increase the UK’s cheese quotas, state broadcaster NRK have reported. 

The agreement will still need to be signed by both the Norwegian and UK parliament. 

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