Switzerland and China have completed negotiations on an updated free trade deal which will increase Swiss access to its third biggest trading partner, Swiss officials said on Thursday, Report informs via Reuters.
Swiss president Guy Parmelin and China’s Commerce Minister Wang Wentao announced the conclusion of the talks after a meeting in Bern.
Under the agreement, 99.8% of Swiss exports can enter the Chinese market duty free, upgrading an existing deal where the terms applied to only around half of Swiss shipments.
Almost all Chinese exports to Switzerland are duty free under the existing 2014 free trade agreement between the two countries, Beijing’s first such deal with an economy in continental Europe.
Other areas covered in the new agreement include rules of origin and trade facilitation, trade in services, digital trade, competition, and economic and technical cooperation.
China is Switzerland’s third biggest trade partner after Germany and the United States, with bilateral trade amounting to 46 billion Swiss francs ($57.6 billion) so far in 2026.
https://report.az/en/other-countries/swiss-and-chinese-reach-agreement-on-updated-free-trade-deal
