Switzerland and the EU show Britain what is in store

Author: Jimmie Franklin | Published: 9 Jul 2019

Summer was once time for holidays. However, those days appear long gone as everybody gears up yet again for the potential impact of an impending EU departure on October 31.

Britain will be in uncharted territory as the first – and possibly last – country to depart the EU trading bloc. Should UK authorities wish to look elsewhere for examples of what might be in store, where better than Switzerland, which has recently seen ties with the EU severed after the expiration of an agreement on stock trading?

"There is clearly a connection between Switzerland’s current situation and Brexit," said Herbert Smith Freehills consultant Eric White.

Switzerland opted not to join the EU or the European Economic Area (EEA) in the 1990s, and has since been building up a variety of bilateral agreements with the EU. These are based on the free trade agreements that had existed before.

While not a...