Daniella Markheim and James E. Dean of the Heritage Foundation make a case for a bilateral trade agreement between the United States and Switzerland. While it’s possible that a Swiss-US PTA may be preferable to the status quo, I’m not convinced that the benefits outweigh the opportunity costs, which include the potential for unilateral or multilateral non-discriminatory liberalization. Swiss-US trade is already relatively liberalized, and I think that President Bush’s limited political capital on trade would be best expended on efforts that will have a greater impact.