Swiss and Chinese presidents sign free trade agreement
The presidents of Switzerland and China, Guy Parmelin and Xi Jinping, have signed a modernised free trade agreement in Beijing.
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Swiss and Chinese presidents sign free trade agreement
Many previous tariffs previously imposed on Swiss exports to China are to be abolished if the deal is ratified by the Swiss parliament.
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‘Glass half full’ rating for Swiss-Chinese trade deal
The new text represents an improvement on the trade agreement between the two countries that came into force in 2014, according to the Federal Department of Economic Affairs. It promises to improve access to the Chinese market for Swiss goods and investments.
Rules on environmental protection and labour standards will be further strengthened within a legally binding chapter on trade and sustainable development. This is a first in any free trade agreement concluded by China, according to Switzerland.
In addition to this agreement, Switzerland and China have also signed a related agreement on cooperation in the field of labour and employment, and an agreement on regulated cooperation in research and development.
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Deal reached to abolish nearly all tariffs on Swiss exports to China
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Translated from French, reviewed by an English Department journalist.
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