Finance
Swiss government adopts draft negotiating mandate for US trade deal
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
The Swiss government has adopted a draft mandate for a US trade deal, aiming to consolidate tariff concessions and stabilize trade relations.
BERLIN, Dec 5 (Reuters) - The Swiss government has adopted a draft negotiating mandate for a trade agreement with the United States, it said on Friday.
The next step is to consult with the parliamentary foreign affairs committees and Switzerland's 26 cantons on the draft, it added.
The United States and Switzerland announced a framework trade agreement last month that includes Washington slashing its tariffs on imported Swiss products to 15% from 39% and a pledge by Swiss companies to invest $200 billion in the U.S. by the end of 2028.
The aims of the upcoming talks are to consolidate the tariff concessions for Swiss goods imported into the United States reached in that deal and to stabilise bilateral trade relations, the statement said.
Switzerland is prepared to consider further tariff concessions on products originating in the U.S. for a legally binding agreement provided Washington is also prepared for more concessions, it added.
(Writing by Miranda Murray, Editing by Friederike Heine)
Tariff concessions are reductions or eliminations of tariffs (taxes on imports) agreed upon by countries in a trade agreement to promote trade and economic cooperation.
Foreign investment refers to the investment made by individuals or entities in one country into business interests in another country, often to gain a share of profits or ownership.
Economic benefits are the advantages that arise from economic activities, such as job creation, increased production, and enhanced trade relations, contributing to a country's growth.
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