Switzerland and China renew their free trade agreement
Switzerland and China renewed their free trade agreement, expanding Swiss access to Chinese markets in manufacturing, aerospace, and maritime transport. The deal grants 99.8% of Swiss exports duty-free entry to China for ten years and removes tariffs on 97.3% of Chinese agricultural exports to Switzerland.
- The agreement increases Swiss access to the Chinese market in manufacturing, aerospace maintenance, and maritime transport.
- Chinese President Xi Jinping and Swiss President Guy Parmelin praised an upgraded trade agreement.
- Swiss watches will have tariffs removed, though they must still pay the Chinese luxury consumption tax.
Outlets: ABC Color, China Labour Bulletin, Free Malaysia Today, Le Temps, RTBF Info, RTS Info, SRF News, Tages-Anzeiger, The Kathmandu Post
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