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Real-time News
The United States Trade Representative (USTR) welcomes the progress made by Switzerland; we are working to finalize a trade agreement with Switzerland.On June 30, the Swiss government issued a statement announcing that it had signed a joint statement with the United States last year aimed at stabilizing bilateral trade relations. As part of ongoing tariff negotiations with the US, the Federal Council recently released a statement of intent outlining how it will implement the specific commitments made in the previous joint statement. In addition to lowering import tariffs on some US goods following the signing of the statement, the Council plans to take further measures to implement the relevant agreements. These measures include simplified recognition of US standards in the areas of conformity assessment bodies, medical devices, passenger cars, and government procurement. The Council will implement these measures by revising regulatory rules. The implementation of these measures aligns with the objectives set forth in the joint statement and is consistent with the mandate for negotiations with the US. The Council also expects the US to fulfill its commitments in the same way. This announcement will further contribute to stabilizing bilateral economic relations between Switzerland and the United States and provide Swiss exporters with greater planning certainty. Negotiations on a legally binding trade agreement are still ongoing.Rokae Robotics announced on the Hong Kong Stock Exchange that it plans to issue 23.03 million H shares (subject to the exercise of the over-allotment option) in Hong Kong, priced at HK$38 per share, with trading expected to commence on July 9.The Democratic Republic of Congo has reported 1,307 confirmed cases of Ebola, with 377 deaths.S&P Global Ratings placed Comcasts credit rating on "negative watch" after Comcast announced its breakup plan.
