Swiss lawmakers agree on China trade framework
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Swiss lawmakers agree on China trade framework
Both Swiss parliamentary chambers have agreed on the wording of legislation to control foreign investments in Switzerland, particularly Chinese.
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The House of Representatives has followed theSenate, which spoke out in favour of limiting the law.
For example, the law will now not apply if a company takeover would jeopardise security or the supply of essential goods and services in Switzerland. The law is only intended to prevent takeovers that jeopardise public order or security.
+ Swiss want more China trade despite US tensions
In 2020, parliament instructed the govenment to draw up a law to scrutinise foreign investments. This was triggered by the takeover of Swiss agrochemical giant Syngenta by state-owned Chem China, among other things.
Since then, many have feared that China could also take over security-relevant companies and infrastructure in the future.
Translated from German by DeepL/mga
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