The close trade relationship between China and Switzerland
has obtained another impetus – the Switzerland enterprises and
official organizations have summarized the China-Switzerland Free Trade
Agreement that came into effect about two and a half years ago in this way.
According
to the report of Switzerland
Neue Zürcher Zeitung website on
January 14, the Switzerland’s
export to China
had increased for 19 times since 1990, and the export has also developed
vigorously in the past few years. In 2015, the year-on-year growth of the Switzerland’s export to China was 14% while the year-on-year growth of
the import from China
approached 2%.In consideration
of China’s
economic slowdown and overall decline in foreign trade, such development is
striking.
Compared to other trade partners of Switzerland,
the development of China-Switzerland bilateral trade exceeds the average level.
The agreement also stipulates that the
tariff of 95% export will be cut for a long term. Although a very long
transitional period has been stipulated for a large number of commodities, the
expenditure reduction potential brought due to the tariff cut will be very
large after such agreement is implemented comprehensively. Switzerland Economic
Union estimated that 80% tariff would be canceled at that time. Switzerland Global Enterprise Promotion Bureau estimated that
the expenditure reduction potential of the enterprise would reach 5,800,000,000
Swiss Francs (about RMB39,700,000,000) after such agreement is implemented
comprehensively.