Sino Swiss FTA Signed Good Swiss Companies

"P" recently, China and Switzerland signed the memorandum of understanding to end negotiations on the Sino Swiss FTA negotiations, which marked the end of the negotiations between the two sides since the start of the FTA in 2010.

The Sino Swiss free trade will promote economic growth and bring cheaper products to both consumers.

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"P" Swiss watch is regarded as a symbol of success and status by many Chinese. In recent years, more and more Chinese people are keen on buying Swiss watches.

In the future, China and Switzerland will enjoy free trade, and Swiss watches and watches will win more luxury market share from other European luxury companies and strengthen their position in the Chinese market.

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< p > China and Switzerland will sign a free trade agreement to buy zero tariff Swiss goods < /p >

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After the signing of the P style= "text-align: center" and the free trade agreement, the Chinese market will become more and more important for Switzerland.

Li Keqiang, premier of the State Council, held talks with Swiss Confederation's president Maurer in Berne on the 24 day. The two sides signed a memorandum of understanding to end the negotiations on the a href= "http://sjfzxm.com/news/index_q.asp" and the Sino Swiss free trade agreement < /a >, which marked the end of the negotiations on the FTA negotiations launched in 2010, only one step away from the signing and ratification of the agreement.

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< p > free trade agreement is a legally binding contract between two countries or countries. The purpose is to promote economic integration. One of its objectives is to eliminate tariff and non-tariff trade barriers for the vast majority of goods, allowing products and services to flow freely among countries.

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< p > this is the first free trade agreement between China and the European continent. Gao Hucheng, Minister of Commerce, said that the zero tariff rate of the Sino Swiss FTA is very high. Rui Fang will immediately impose zero tariffs on 99.7% of China's exports. The Chinese side will finally impose zero tariffs on the export of Rui Fang 84.2%. If combined with some tax reduction products, the proportion of products that Switzerland participates in tax reduction is 99.99%, and the Chinese side is 96.5%.

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China, as the largest developing country, has huge market demand and development potential. Switzerland is a developed country in Europe. It has strong scientific and technological strength and industrial advantages, and has great advantages in fine chemicals, watch making and precision instruments. P

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< p > the strong economic complementarity between China and Switzerland has increased bilateral trade volume from US $6 million 800 thousand at the beginning of the establishment of diplomatic relations to a record US $30 billion 800 million in 2011.

In 2012, the bilateral trade volume between China and Switzerland was still up to US $26 billion 300 million in the face of the continuing crisis of the European debt crisis and the adverse factors of world economic turbulence.

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At present, China is the largest trading partner of Switzerland in Asia. Switzerland is China's seventh largest trading partner and sixth largest source of foreign investment in Europe. P

In the future, Chinese consumers are expected to buy zero tariff Swiss goods, which will help to maintain high growth in Swiss exports to China.

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< p > > a href= "http://sjfzxm.com/news/index_h.asp" > Swiss table < /a > has been sold in China for a long time.

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"Swiss P", represented by Swiss watches, has finally achieved the global dominance of Swiss watches with the core technology and brand that has been accumulated over hundreds of years.

According to statistics, Swiss watches occupy 90% of the global high-end watch market share.

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< p > Swiss list is also one of the luxury goods that Chinese rich people like to buy.

Over the past ten years, with the rapid growth of China's economy and the rise of the middle class, China has become the fastest growing market for Swiss watches.

In 2002, the Swiss watches imported from China accounted for only 94 million 200 thousand Swiss francs.

By 2012, this figure jumped to 1 billion 650 million Swiss francs (US $1 billion 770 million), while the mainland of China has become the world's third largest buyer of Swiss watches.

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At the same time, Switzerland's total value of watch exports to Hongkong increased by nearly two times to 4 billion 400 million Swiss francs. P

At present, Hongkong is the largest Swiss watch a href= "http://sjfzxm.com/news/index_s.asp" > market < /a >.

Because of the low tax rate in Hongkong, the price of watches in China is significantly different from those in Hongkong and Europe. Many mainlanders will buy watches in Hongkong and even Europe.

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< p > statistics show that in 2012, the proportion of Chinese consumers consuming overseas accounts for 60% of the total consumption of luxury goods, reaching 183 billion 600 million yuan.

This shows that Chinese people are more willing to buy luxury goods abroad.

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< p > although Swiss watches need to import 11% of import duty, luxury watches worth more than 10 thousand yuan will have to pay 20% of the luxury consumption tax, but China's imports of Swiss watches are still increasing significantly in the past 10 years.

It is foreseeable that if Switzerland and China sign the FTA, Swiss watches sold in the mainland of China will probably reduce prices to a certain extent, which will significantly increase the volume of purchases in China.

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< p > many consumers believe that if Swiss watches prices can be greatly reduced in the future, they will prefer to buy them at home, because this is more convenient.

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< p > the signing of the Sino Swiss FTA agreement is good for Swiss watch enterprises < /p >

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< p style= "text-align: center >" 2010, the first quarter of -2013, the export growth rate of Swiss watches to mainland China was less than /p.

P, the second largest luxury goods companies in the world, the Cartire watches manufacturer, the Swiss peak watch group and the Swiss watch maker group Swatch, will be the direct beneficiaries of the free trade agreement between China and Switzerland.

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Last year, China's economic growth slowed down, and the government's anti-corruption efforts intensified. In 2012, the exports of Swiss watches to China were significantly slower than in previous years, and sales growth dropped significantly in P.

Last year, Swiss watch exports to China slowed significantly, compared with the growth rate of 57% and 48.7% in 2010 and 2011. Last year Swiss watch sales in China increased by only 0.6%.

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In the first quarter of this year, Swiss watches exported to mainland China decreased by 26% compared with the same period last year, and exports to Hongkong also declined by 9% over the same period last year. P

Data show that Swiss watch manufacturers have been hit hard by the slowdown in China.

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According to the free trade agreement, the vast majority of products in China and Switzerland will achieve zero tariffs and preferential tariffs on the basis of free trade agreement (P).

Chinese consumers will have the opportunity to buy cheap Swiss goods. Reducing tariffs can make Swiss watches more competitive than similar products in other countries, rapidly expand their market share in China, and help ease the damage caused by China's economic slowdown and anti-corruption actions to high-end watches.

In this sense, the FTA is a great help to Swiss companies.

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< p > epilogue < /p >

< p > because the difference between the domestic and overseas prices of the Swiss watches is obvious, it has become the most popular overseas purchase commodity for Chinese consumers. After the Sino Swiss free trade in the future, the tariff reduction will not only help the Swiss watch enterprises enhance their sales performance in China, but also enable the domestic consumers to buy their beloved watches without the domestic market.

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