Finance
Switzerland adopts negotiating mandate for US trade deal
Published by Global Banking & Finance Review®
Posted on January 14, 2026
2 min readLast updated: January 19, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 14, 2026
2 min readLast updated: January 19, 2026
Switzerland's Federal Council has adopted a mandate for trade talks with the US, aiming to reduce tariffs and stabilize trade relations.
ZURICH, Jan 14 (Reuters) - Switzerland's Federal Council has adopted a final negotiating mandate for talks on a legally binding trade agreement with the United States, the government said on Wednesday.
The decision by Switzerland's highest executive authority was made after consultation with parliament's foreign affairs committees and the country's cantons and follows a non-binding Swiss-U.S.-Liechtenstein "framework" agreed on November 14.
This was aimed at reducing U.S. tariffs on Swiss imports and paving the way for a comprehensive agreement.
Under that framework, Washington set a 15% ceiling on country-specific additional tariffs on Swiss imports, down from 39%, with the change applied retroactively from November 14.
In return, Switzerland agreed to cut duties on a range of U.S. products, including fish and seafood and selected agricultural goods it deems non-sensitive.
The Federal Council adopted a draft mandate on December 5, saying the main aim of the planned talks was to "consolidate" tariff relief for Swiss goods entering the United States and to stabilise bilateral trade relations.
In Wednesday's update, the Swiss government said it had slightly clarified the mandate based on feedback, including by committing to consult — rather than merely inform — parliamentary committees and the cantons if new topics arise.
(Reporting by John Revill; Editing by Alexander Smith)
The objective of a trade agreement is to enhance economic cooperation by reducing trade barriers, increasing market access, and promoting fair competition.
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