Good or bad news! Something to watch!
It appears, this update is quite a success for Switzerland. However, it may deepen dependence!
Caveat: I am not familiar with this FTA nor with the current update
"President Guy Parmelin and Chinese Minister of Commerce Wang Wentao announced on 20 August, during a meeting in Bern, that negotiations on the optimisation of the free trade agreement (FTA) between Switzerland and the People’s Republic of China had been concluded.
Switzerland has achieved its negotiating objectives.
Under the existing FTA almost all Chinese imports into Switzerland are duty-free, while this is only the case for around half of Swiss exports to China.
The optimised FTA rectifies this imbalance: 99.8 per cent of Switzerland’s current exports will be able to enter the Chinese market duty-free. ...
Lastly, the provisions on environmental issues and labour rights will also be expanded and strengthened in the revised FTA. ..."
"... Trade between the two countries has expanded from 31.7 billion francs in 2015 to 51.2 billion francs last year, according to figures from the Swiss customs office, with China a big market for Swiss chemicals, pharmaceuticals, precision instruments and watches. ..."
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