Source: Xinhuanet
The spokesperson of the Ministry of Commerce stated on May 31 that China and Switzerland signed a memorandum of understanding in 2017, announcing the launch of a joint study on the upgrading of the free trade agreement, to explore the possibility of further comprehensively upgrading the free trade agreement. The China-Switzerland Free Trade Agreement is of a high level. The two sides are actively promoting joint research and conducting in-depth discussions on the scope of possible upgrades. There is no situation of being frozen, and the two sides are maintaining close communication on this.
A reporter asked, according to recent reports by Swiss media, the negotiations on upgrading the free trade agreement between Switzerland and China have been frozen. What is the comment of the Ministry of Commerce on this? The spokesperson of the Ministry of Commerce made the above response.
The spokesperson introduced that the China-Switzerland Free Trade Agreement was signed in July 2013 and came into effect in July 2014. It is a high-level, rich, mutually beneficial agreement that has played a positive role in promoting economic and trade cooperation and development between the two countries. effect. China has become Switzerland's third largest trading partner. In 2021, the bilateral trade volume between China and Switzerland will reach US$44.11 billion, a year-on-year increase of 96.7%.
