Updated free trade deal between Switzerland and China set for 2025
Select your language
Generated with artificial intelligence.
Listening: Updated free trade deal between Switzerland and China set for 2025
The enhanced free trade agreement between Switzerland and China is set to enter into force in 2025. This is the assumption of parliamentarian Thomas Aeschi, president of the EU-EFTA delegation. He will be in China with Swiss parliamentarians until Saturday.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
Neues Freihandelsabkommen mit China laut Aeschi noch 2025
Original
Bern wants to revise the modalities of the agreement, in particular the export of its products, which is still heavily taxed. A new agreement should be reached within the next 12 months, Aeschi told the Swiss News Agency Keystone-SDA on Thursday.
Switzerland and China officially launched the resumption of negotiations on the free trade agreement signed in 2014 in September. In particular, Switzerland wants to review the tariff concessions for the products it exports. For example, millions in customs duties are still being paid on Swiss watches that are shipped to China.
China, for its part, wants Swiss investment to continue and more Swiss companies to set up in China, said Aeschi. The delegation’s trip was a preparation for concrete negotiations between the two parties, who have so far only met virtually.
This made the meeting with Deputy Minister of Commerce Wang Shouwen all the more important. With a trade volume of CHF33 billion ($37.5 billion), China is Switzerland’s third most important trading partner.
The Swiss parliamentarians’ programme in Beijing also includes a courtesy visit to the Vice Chairman of the National People’s Congress, Xiao Jie.
Translated from German by DeepL/ts
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Most Read Swiss Abroad
More
November 24, 2024 votes: the results from across Switzerland
Should Switzerland take measures to support its struggling industries?
Industrial policies are back in fashion, not only in the United States but also in the EU. Should Switzerland, where various industries are struggling, draw inspiration from such policies?
Swiss health insurance spent more on medicine than ever in 2023
This content was published on
Last year, Swiss health insurance companies spent CHF9 billion on medicines for basic insurance, almost 6% more than in the previous year.
Swiss federal prosecutor files charges for intent to blow up ATMs
This content was published on
The Office of the Attorney General of Switzerland has filed charges against five men for planning to blow up and rob ATMs.
Swiss court rules teen can change gender entry without parents
This content was published on
The Swiss Federal Supreme Court ruled that parents don't need to provide consent for a 16-year-old to change their gender entry in the civil register.
UBS study finds billionaires’ wealth more than doubled in 10 years
This content was published on
The number of super-rich people and their wealth has risen significantly in ten year according to a study by Swiss bank UBS.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.