Swiss China Free Trade Agreement

Total merchandise exports from China to Switzerland have also slowed since the agreement came into force, from an average annual growth rate of 7.8% between 2010 and 2013 to 3.8% in 2014-18. However, the slowdown in exports to Switzerland is less marked than the general slowdown in Chinese exports: from an average annual growth rate of 16.8% in 2010-13 to 2.7% in 2014-18. [1] China`s concessions under the CSFTA in the area of financial services and insurance services – another important interest of Switzerland and the EU – are weak. In the area of insurance, there are no additional concessions to China`s accession protocol, although there is greater specificity in the provision of activities authorized by the Chinese branches of Swiss companies. With regard to financial services, additional concessions apply only to securities trading, allowing Swiss companies to act on behalf of qualified institutional investors (QDII) in China, provide advisory services and provide childcare abroad. Swiss companies may also hold 49 per cent of joint ventures that carry out certain trade and subcontracting activities. In line with its commitments made by MFN WTO, the maximum participation of these joint ventures is 33%. Swiss joint ventures are also allowed to be subject to information, own-account trading and asset management transactions if they obtain the required authorisation. Free trade agreements aim to improve trade relations with key partners around the world. They aim to remove or, at the very least, minimize barriers to international markets for the Swiss economy. The aim is to reduce tariffs and non-tariff barriers (for example. B technical regulations, packaging and labelling requirements, import quotas). Sino-Swiss economic relations have accelerated since Deng Xiaoping`s economic reforms in the late 1970s.

[3] Switzerland`s trade with China is not in deficit, as other industrialized countries trade with China. Two-way trade between the two countries is growing at an annual rate of 20-30%. [4] In 2007, Swiss exports were valued at 5.4 billion francs, or $5.36 billion. [4] China is now Switzerland`s largest trading partner in Asia, ahead of Japan. [4] An approved exporter may, in all agreements, submit invoiced declarations of origin in all agreements, regardless of the value of the lot. These should not be signed by hand.

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