Switzerland and the European Union on Friday unveiled a deal to carry out the biggest overhaul of their trade ties in years, overcoming Swiss concerns about immigration and setting the scene for a fraught and lengthy approval process.

Switzerland and the European Union agreed on a deal to ensure the country’s access to the bloc’s single market, hitting an unofficial end-of-year deadline after lengthy and intense talks.Most Read fro

Commission President Ursula Von der Leyen described the agreement as "historic" and vital given the geopolitical turmoil.