On November 14, 2025, the United States, Switzerland, and Liechtenstein issued a joint statement outlining their intention to negotiate a Fair, Balanced, and Reciprocal Trade Agreement. This framework aims to enhance their economic relationship through mutual investment and job creation, specifically targeting sectors for increased foreign direct investment. Key areas of focus include establishing zero tariffs on various goods, addressing non-tariff barriers, and ensuring digital trade facilitation to promote a comprehensive and equitable trading environment.

The proposed agreement emphasizes enhancing market access and cooperation on essential issues such as regulatory alignment and environmental protections. Switzerland plans to invest at least $200 billion in the United States over the next five years, while Liechtenstein aims to facilitate $300 million in investment and increase job opportunities. By fostering secure supply chains and investing in high-growth sectors, the participants seek to create sustainable economic benefits.

Furthermore, the joint statement highlights the participants’ commitment to strengthening economic security and effectively addressing trade-related challenges. They aim to collaborate on potential distortions in trade practices and improve transparency and participation in regulatory processes. The outcome of these negotiations is intended to benefit all parties involved, with a target for completion by the first quarter of 2026, pending each nation’s domestic procedures.

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