Switzerland and China reached a tentative agreement for free trade after about two and a half years of negotiations.
Concluded talks on a technical level at the end of the second week of May 2013, and is expected to be signed on the agreement within the coming months, subject to approval by the federal parliament.
Concluded talks on a technical level at the end of the second week of May 2013, and is expected to be signed on the agreement within the coming months, subject to approval by the federal parliament.
Is expected to have the agreement of special interest in the bilateral talks to be performed during the visit of Chinese Prime Minister Li Keqiang to Bern on May 24, 2013.
Details are still unknown text of the agreement but the attention of Switzerland during the negotiations focused on the issues of a Swiss industrialists to the Chinese market and the protection of intellectual property rights. In contrast, China expressed interest in the promotion of sales of agricultural products in the Swiss market.
Enjoy the watch industry with particular interest in the commercial relationship between China and Switzerland. According to the Federation of the Swiss watch industry, is producing 40 million counterfeit hours annually across the world, a large proportion of them are made in China. The number of counterfeit Swiss watches sales estimated at around billion francs.
China is a major trading partners of Switzerland in Asia. Switzerland is also one of a handful of Western countries that have a positive trade balance with China (in 2011, Swiss exports amounted to $ 14.7 billion compared with $ 7.4 billion of imports).
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