U.K. Signs Post-Brexit Trade Continuity Deal With Switzerland

The U.K. reached an agreement with Switzerland that will allow it to continue trade without any additional tariffs after it leaves the European Union.

The deal means the nations can avoid having to trade under World Trade Organization terms, and eliminates duties on most goods traded between the U.K. and Switzerland, according to a statement Monday. The British automotive sector could avoid up to 8 million pounds ($10 million) a year in tariff charges under the agreement, it said.