Brexit and its consequences in Switzerland
Today is an important day in the United Kingdom as it is set to vote on the Brexit deal which may lead to the UK leaving the EU in the near future. Should this happen, this would also have an impact on Switzerland which is why both countries have been working on reaching an agreement to keep the doors open between both countries. Back in December the UK and Switzerland announced that they had reached a deal. The deal is meant to assure that the citizens from each country can live in the other country without any problems, and that all air traffic between the countries would be able to proceed smoothly. Whereas some of this deal is straightforward to implement, other parts (the right of citizens) will need to be approved by the Swiss parliament.
35 000 Swiss live in the UK, and 41 000 UK citizens live in Switzerland. In 2017, the UK was Switzerland’s sixth biggest export market (CHF 11.4 billion) and the eighth largest source of Switzerland’s imports (CHF 6.1 billion). The UK is Switzerland’s sixth largest direct investor (as at 2016), and around 58,600 flights a year from Switzerland are destined for the UK.