China's Industrial Exports To Switzerland All Impose Zero Tariffs

After the entry into force of "P > a href=" http://sjfzxm.com//business/ "> agreement < /a >, Switzerland will immediately impose zero tariffs on China's 99.7% export to Switzerland. China will finally implement zero tariff on Switzerland's 84.2% export products to China, of which 67% agree to zero tax immediately, and another 17% will implement zero tariff in 5 to 10 years at most 15 years.

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< p > a container terminal in Basel, Switzerland, flying the national flag of China and Switzerland.

In July 1st, the Sino Swiss FTA agreement came into effect and the celebration ceremony will be held here.

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The p China Switzerland FTA became effective in July 1st.

This is the first free trade agreement between China and continental European countries, and the first FTA between China and the top 20 countries in the world economy.

Experts believe that the Sino Swiss FTA will not only bring direct benefits to the two countries' trade, but also facilitate the two countries' enterprises to invest in the other countries.

The formal implementation of the Sino Swiss FTA will open the "leap mode" of bilateral economic and trade cooperation, and is also expected to become a new demonstration of Sino EU cooperation.

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< p > < strong > one of the highest level FTA reached abroad, < /strong > /p >

The Sino Swiss FTA, signed in 2013 P, is one of the highest level FTA agreements China has reached in recent years. Its market openness and zero tariff ratio are relatively high.

After the entry into force of the agreement, Switzerland will immediately impose zero tariffs on China's 99.7% export to Switzerland. China will finally implement zero tariffs on Switzerland's 84.2% export products to China, of which 67% agree to zero tariff immediately, and about 17% will impose zero tariffs in 5 to 10 years at most 15 years.

The agreement covers not only trade in goods and services, but also new issues such as environmental protection, labor employment, intellectual property rights and market competition.

During the negotiations, China made some tax cuts for some of its products, or arranged a pitional period to make China's industries gradually adapt to the competitive environment.

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

Sino Swiss bilateral trade amounted to US $59 billion 500 million in 2013.

Sino Swiss investment cooperation is in the ascendant and technical cooperation is deepening.

Switzerland is China's leading technology importing country in Europe.

According to statistics, the profits of Swiss enterprises in China increased by nearly 10% in 2012, of which 62% of Swiss enterprises plan to further expand their investment in China.

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After the implementation of the P agreement, the economic and trade cooperation between China and Switzerland will usher in a new chapter.

After the implementation of the FTA, most of China's agricultural products, auto parts, metal products, textiles, and Swiss precision instruments, machinery spare parts, coffee and metal products will benefit from tariff relief.

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P consumers can also feel the changes brought about by the FTA.

For example, Swiss watches, which Chinese consumers are familiar with, will also be reduced.

Although tariffs account for only a small part of the tax on imported watches, the price of Swiss watches is limited, but the price of Swiss watches is expected to increase in China due to the decrease in price difference between China and abroad.

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< p > < strong > almost all industries in the two countries will benefit from < a > /a > /strong > /p >

< p > Swiss circles are very optimistic about the new opportunities brought about by the Sino Swiss FTA.

Elizabeth Schneider Schnaitman, member of the foreign policy committee of the Swiss Confederation national assembly and member of the national assembly, referred to the Sino Swiss FTA as "the most important FTA since Switzerland signed the FTA in 1972."

Many Swiss officials compared the agreement to the "quantum leap" leap, which allowed Swiss enterprises to enter the Chinese market more easily and get better legal, investment and intellectual property rights protection.

Compared with other European countries, only Switzerland and China have signed a free trade agreement, so Swiss enterprises have gained the opportunity.

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Schneider P, Switzerland's economic minister, believes that the Swiss economy and exports will benefit from the Swiss FTA agreement. Oman

Exports to China will benefit from lower tariffs and enjoy better legal protection.

Domestic suppliers can benefit indirectly from the growth of export trade.

With cheaper imports, the Swiss domestic economy will also benefit greatly.

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Lochel, a professor at Frankfurt Financial College, told P that the trade between countries reached FTA can be regarded as "domestic trade" to a certain extent.

Therefore, the FTA will not only promote the rapid development of trade in goods and services between the two sides, but also have a far-reaching impact on the tariff, capital and finance of the countries participating in the FTA, and promote the market-oriented development of the capital and financial sectors.

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Jan Attsland, a member of the Council of the Swiss Enterprise Association, said in an interview with our reporter that almost all industries in P will benefit from the FTA, and the financial industry of both sides is still gradually opening up, which will have far-reaching implications.

Many of China's independent innovation in the field of science and technology has reached the most advanced level in the world, making China attractive to many Swiss enterprises.

Since the 80s of last century, China and Switzerland have maintained good economic cooperation.

With the entry into force of the FTA, this good relationship will be further developed.

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< p > < strong > is a positive example for EU countries. < /strong > /p >

< p > "the implementation of the Sino Swiss FTA is an important milestone."

Ats Rand said this is an important symbol of China's market economy's maturity and openness and its influence in the international arena.

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< p > the Sino Swiss FTA is also an inevitable reflection of the deepening of Sino EU economic and trade cooperation.

Schneider Oman said that the Sino Swiss FTA will help increase trade and promote trade relations between China and Europe.

As China's largest trading partner, the European Union also expressed its consideration to China earlier this year to consider the feasibility of signing the FTA with China.

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< p > "Sino Swiss FTA is a positive example for EU countries."

Lochel said that under the influence of the European debt crisis, the EU is still focusing on the integration of the EU's internal economy and trade. At present, China has not formally started negotiations with China on FTA.

At present, the EU and the United States are conducting FTA negotiations, but the progress of negotiations is very difficult.

For Switzerland, the signing of the FTA with China can better balance the possible adverse effects of the FTA signed by the European Union and the United States in the future.

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< p > Lochel believes that the signing of the FTA between Switzerland and China is a key signal to the EU and has far-reaching implications.

This reflects China's determination and confidence to actively participate in economic globalization and regional economic integration.

It not only plays an important role in Sino Swiss relations, but also plays a positive role in demonstrating the cooperation between China and Europe.

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