The U.K. and Switzerland have signed a post-Brexit “Trade Continuity Agreement” (TCA) that should ensure trade continues at reduced tariffs. The deal could be similar to the terms of the European Free Trade Agreement and may be a template for trading arrangements with Norway and Iceland. Bilateral trade between the U.K. and Switzerland reached £14.2 billion ($18.2 billion) in 2018. The TCA is particularly important for the pharmaceutical sector – where Novo Nordisk and Sanofi have already raised concerns about supplies – which represented 35.5% of imports to the U.K. from Switzerland. Sw...