Direct democracy Switzerland: How To
Your browser is out of date. It has known security flaws and may not display all features of this websites. Learn how to update your browser[Close]

Celebrations


Swiss-Chinese trade deal takes effect


Economics Minister Johann Schneider-Ammann and a high-ranking Chinese government delegation have celebrated the entry into force of a key free trade agreement between the two countries.

The accord, signed last July, improves mutual market access for goods and services, and together with a bilateral agreement on labour and employment, will contribute to long-term economic development.

The economics ministry said the deal is the most important free trade agreement for Switzerland’s export industry since the 1972 accord with the European Union.

China is the third most important trade partner for Switzerland after the EU and the US. Trade volume with China reached CHF20 billion ($22.5 billion) last year, according to a officials.

On Tuesday, the festivities took place simultaneously at the Rhine port of Basel and in Beijing.

Switzerland’s pharmaceutical, chemical and biotech industries said the deal was a crucial step to improve the competitive edge of Swiss companies.

However, the non-governmental Society for Threatened Peoples has protested against safeguards in the agreement for the respect of human rights. Another NGO, the Berne Declaration, staged a demonstration in Bern on Tuesday.

swissinfo.ch



Links

Copyright

All rights reserved. The content of the website by swissinfo.ch is copyrighted. It is intended for private use only. Any other use of the website content beyond the use stipulated above, particularly the distribution, modification, transmission, storage and copying requires prior written consent of swissinfo.ch. Should you be interested in any such use of the website content, please contact us via contact@swissinfo.ch.

As regards the use for private purposes, it is only permitted to use a hyperlink to specific content, and to place it on your own website or a website of third parties. The swissinfo.ch website content may only be embedded in an ad-free environment without any modifications. Specifically applying to all software, folders, data and their content provided for download by the swissinfo.ch website, a basic, non-exclusive and non-transferable license is granted that is restricted to the one-time downloading and saving of said data on private devices. All other rights remain the property of swissinfo.ch. In particular, any sale or commercial use of these data is prohibited.

×

Focus