New Trade Framework Aims to Boost U.S. Exports to Switzerland and Liechtenstein
A new trade framework between the United States, Switzerland, and liechtenstein is poised to substantially expand market access for American goods and services, addressing long-standing trade imbalances and barriers. The agreement, with a target completion date of early 2026, seeks to create a more level playing field for U.S. businesses and workers.
The framework centers on several key areas of liberalization. Switzerland and Liechtenstein have committed to reducing or eliminating tariffs on a diverse range of U.S. exports, including fresh and dried nuts, fish and seafood, select fruits, chemicals, and alcoholic beverages like whiskey and rum. To further support American agricultural producers, Switzerland will also establish tariff rate quotas for U.S. poultry, beef, and bison.
Beyond tariff reductions,a major focus is dismantling non-tariff barriers that have historically hindered U.S. exports. Specific commitments include streamlining regulations for U.S.poultry and dairy products, opening Swiss and liechtenstein markets to U.S. medical devices, and simplifying customs procedures.The agreement also prioritizes stronger intellectual property rights protection and enforcement, with a focus on fair treatment of geographical indications.
The framework extends to modern trade concerns, encompassing commitments to address forced labor within supply chains, enhance environmental protections, and promote alignment with international standards to reduce export hurdles. Notably, the U.S. Federal Motor vehicle Safety Standards will be recognized by Switzerland and Liechtenstein.
Digital trade is also a key component, with all three nations agreeing to refrain from implementing harmful digital services taxes.Furthermore, the agreement aims to bolster supply chain resilience by addressing policies of third countries and closing loopholes that allow non-GPA and FTA parties to access procurement markets, ensuring greater reciprocity for U.S. products and services. Cooperation on export controls, sanctions, and investment screening will also be expanded to strengthen national and economic security.
The U.S. currently faces a $38.5 billion goods trade deficit with Switzerland and Liechtenstein. Officials anticipate this agreement will put the U.S. on a trajectory to eliminate this deficit by 2028.
This initiative builds on the Trump management’s commitment to challenging unfair trade practices and securing more balanced trade relationships. A national emergency was declared earlier this year in response to the persistent trade deficit and lack of reciprocity in bilateral trade, highlighting the administration’s dedication to advocating for American workers and businesses and expanding market access for U.S. exporters.
