Switzerland and China renew free trade agreement
Published
Federal President Guy Parmelin has travelled to China on a visit. During his stay, Switzerland and China renewed their free trade agreement. The agreement is intended to further facilitate trade between the two countries.
The free trade agreement between Switzerland and China has been in force since 2014. It stipulates that many goods can be exported and imported without high customs duties. For Swiss companies, China is an important market, especially for machinery, watches and medicines.
During the visit, the politicians discussed economic cooperation. Questions on environment and education were also on the agenda. The exact details of the renewal were only partially published in the reports.
For Switzerland, trade with China is of great importance. The renewal of the agreement shows that both countries want to maintain their economic relations in the future as well.
Sources: SRF
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