Filed Under: FTA | Viewed by: 1650 Persons
February 14-16, The 4th Round of Talk between China - Switzerland was held in Beijing. The two parties exchanged their views on trade of goods tariff reduction mode, trade in services, origin rules, sanitary and phytosanitary measures / technical trade barriers, intellectual property rights, competition policy, trade remedies, economic and technological cooperation of the Free Trade Area, and made a series of consensus, marking a positive progress in the negotiations between the two parties.
The economies of China and Switzerland are highly complementary. Although under the double impact of the international financial crisis and the European debt crisis, in recent years, bilateral trade between the two countries maintained a rapid growth. In 2011, the Sino-Swiss bilateral trade totaled $ 30.9 billion, a year - on - year growth of 54%, among which China's imports from Switzerland amounts to $ 27.2 billion, a year - on - year growth of 60%. The main bulk of imported goods are high-tech products, metal processing machine tools, pharmaceuticals, and wrist watches. Bilateral export is $ 3.7 billion in total, a year-on-year growth of 22%, among which the main staple export commodities are electromechanical products, apparel, footwear, and so on.
In January 2011, when Chen Deming, Minister of Commerce, was attending the World Economic Forum in Davos, he and Schneider-Oman, Swiss Economy Minister, jointly announced the launch of bilateral FTA negotiations, since then three rounds of negotiations have been held by the two parties.