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25/11/ · The free trade agreement between Switzerland and China represents a milestone in Swiss foreign trade policy. Signed by the two countries in Beijing on 6 July , this comprehensive bilateral agreement entered into force on 1 July Switzerland is the first continental European country to conclude an FTA with China. China-switzerland Free Trade Agreements. On April 29, both China and Switzerland exchanged views on the “China-Switzerland Free Trade Agreement” in Beijing. In accordance with the relevant provisions of the Agreement’s entry into force, the Agreement will enter into force on 1 July China and Switzerland launched the “Agreement” negotiations in January 14/07/ · Economic relations. Since , China has been Switzerland’s biggest trading partner in Asia and its third largest globally after the EU and the United States. A bilateral free trade agreement was signed in Beijing in and entered into force on 1 July The entering into force of the Free Trade Agreement between China and Switzerland (hereinafter, the “Sino-Swiss FTA”) marks a milestone in the economic and trade cooperation between the two countries. As the first European continental country to sign free trade agreement with China,1 Switzerland will finally have %.
China has signed the framework of a free-trade agreement with Switzerland, which could become Beijing’s first such deal with a major Western economy. The signing ceremony took place during an official visit by Chinese Premier Li Keqiang to Switzerland. Mr Li said he hoped the deal would be felt beyond Switzerland’s borders.
For his part, Swiss President Ueli Maurer described the agreement as a „real milestone“. It is no coincidence that China’s premier made Switzerland his first stop on his brief European tour, the BBC’s Imogen Foulkes in Berne says. China has hinted it could also make Switzerland its financial centre of choice, if Beijing allows offshore trading of its currency, the yuan, she adds.
China is also looking to sell Switzerland more textiles and agricultural products. The agreement still needs to be cleared by both chambers of the Swiss parliament before it can be ratified. Mr Li, who is on his first foreign trip since becoming premier in March, is due to visit Germany on Saturday. China Japan and S Korea eye trade pact.
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May 27 — China and Switzerland have signed a memorandum of understanding MoU to conclude negotiations over a bilateral free trade agreement FTA on May Both sides have hailed the upcoming FTA as a historic event in bilateral economic and trade cooperation. Swiss media have described it as one of the most important international deals of the past 40 years, while China reckoned it as one of its most comprehensive and high-level FTAs with another country.
Moreover, China will offer zero tariffs to Chinese Premier Li Keqiang said that while the FTA will directly benefit the two countries, it will also benefit global trade and will further promote the economic opening-up of China to the outside world. Experts have indicated that the Swiss pharmaceutical, chemical, tourism, engineering and watch-making sectors, as well as food manufactures, will benefit from the deal.
For further details or to contact the firm, please email china dezshira. Are You Ready for ASEAN ? ASEAN integration in , and the Free Trade Agreements China has signed with ASEAN and its members states, will change the nature of China and Asia focused manufacturing and exports. In this important issue of Asia Briefing we discuss these developments and how they will impact upon China and the Global Supply Chain.
Double Taxation Avoidance Agreements In this issue, we look at the evolution of the legal framework of double taxation agreements in China, including the foundations of anti-avoidance, obligations in reporting offshore transactions, how to qualify as a beneficial owner and how to claim treaty benefits. We also outline the interpretations given in Circular 75 of the China-Singapore DTA, which was the first time that the Chinese tax authorities really opened up about DTA interpretations.
China and Iceland Sign Free Trade Agreement. China-Japan-South Korea Sign Trilateral Agreement and Launch FTA Talks.
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Click Here to Get the Asia Import Platform: General Products. Need help on importing goods from China to Switzerland? Confused by the fact that Switzerland is in Europe but is not a member of the EU? Since many regulations are only published in French, German and Italian languages i. Switzerland official languages , sometimes it might be difficult to find specific information about regulations in the English language.
While you can find thousands of documents online and spend nights reading about the topic, we decided to write this guide to save you time and make your life easier. In this article, we will guide you through the requirements and regulations that you must know before importing products from China to Switzerland. In particular, we will cover the following topics:.
Note: It is impossible to break down every detail in this article. Instead, our goal is to provide an overview and index for you to better understand the general rules when importing goods from China to Switzerland and links to the main regulations that apply in the country. This FTA explains the requirements when importing goods from China.
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BEIJING – China and Switzerland on Saturday signed a free trade agreement FTA – Beijing’s first in continental Europe – in a deal that comes against a backdrop of trade tensions between the Asian giant and the European Union EU. Chinese Commerce Minister Gao Hucheng and Swiss Economy Minister Johann Schneider-Ammann inked the accord in a ceremony at the Commerce Ministry in Beijing before officials and reporters.
China in April signed its first FTA with a European country – non-EU member Iceland – but Saturday’s deal marks the first with an economy in mainland Europe. Gao, at a post-signing press conference with Schneider-Ammann, said the agreement would promote trade cooperation with Europe in general. Switzerland ranked as the world’s 19th-largest economy in , according to the World Bank.
China is the world’s second-biggest. Fiercely independent Switzerland is not a member of the EU and even waited decades to join the United Nations. Nonetheless, it is an economic heavyweight known for high-value luxury goods, such as its world famous watches, pharmaceuticals and as a financial centre. Switzerland mainly sells watches, pharmaceuticals and chemicals, as well as machinery to China, which ships mostly textiles and machinery back to Switzerland.
In an interview with Swiss paper Neue Zuercher Zeitung, Schneider-Ammann said tariffs imposed on luxury watches could fall by 60 per cent, while Switzerland will remove similar taxes on Chinese textiles and shoes. Switzerland and China had signed a preliminary FTA agreement in May during a visit to the landlocked, alpine European nation by Chinese Premier Li Keqiang. Schneider-Ammann said the deal is also important for hedging risks.
The EU economy has experienced serious turmoil over the past several years in the wake of the global financial crisis and due to sovereign debt instability that engulfed Greece and other member states including Spain, Italy and Portugal.
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This is the portal for professionals working in the field of intellectual property. Here you’ll find direct access to all necessary resources. The World Intellectual Property Organisation WIPO , headquartered in Geneva, is conducting a survey DNA data storage innovators Robert Grass and Wendelin Stark receive European Inventor Award The bilateral trade agreement between Switzerland and China contains substantial provisions on the protection of intellectual property rights.
This agreement has been in force since 1 July The free trade agreement primarily sets out certain principles, which both Switzerland and China must adhere to. The two countries have committed themselves, in particular, to the following:. The agreement clarifies and reinforces the existing level of multilateral protection of the TRIPS Agreement , particularly in the following areas:.
The free trade agreement also provides for measures that customs authorities need to take to combat counterfeiting and piracy. Border measures apply to trade mark and copyright infringement as well as for patents and design right infringement. In addition, the agreement establishes standards concerning civil and criminal procedures for the prosecution of infringements and recovery of damages.
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The landmark free trade agreement between Switzerland and China came into effect this week on Tuesday, July 1, , with both countries cutting import tariffs to boost bilateral trade. The comprehensive agreement also addressed customs procedures between the two countries, as well as issues of intellectual property and dispute resolution. Under the agreement, China will eliminate tariffs on In total, tariffs are reduced on Consumers in China can expect more affordable Swiss goods, including cheese, luxury watches, chemicals and fine machinery.
Likewise, Switzerland will phase out tariffs on Another bilateral agreement on labor and employment cooperation between the two nations came into force earlier last month on June 9, Together, the Swiss Government said the two agreements will significantly promote economic growth and development. A downloadable copy of this FTA can be accessed here. Asia Briefing Ltd. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN.
For further information, please email china dezshira. Stay up to date with the latest business and investment trends in Asia by subscribing to our complimentary update service featuring news, commentary and regulatory insight. Two China-Europe Free Trade Agreements to Come into Force on July 1.
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Swiss companies with name recognition, such as Swissport, Swiss-metal, Saurer or Eterna have been sold to Chinese investors; more target companies, such as Syngenta, are in the pipeline. Close to 80 Chinese corporations are established in Switzerland, while Swiss firms have a presence on Chinese soil. It is high time for Swiss industrialists, financiers and politicians to get acquainted with China, its economy and economic structure, its culture and its political system.
Opening the gates with the Free Trade Agreement was an important first step, but an intensified dialog on all levels is a pre-condition to sustainable further developments. China still has some characteristics of a developing or ‚emerging‘ nation while in other respects being more modern than the most advanced parts of the Western world, thus qualifying as a partner in innovation just as much as offering a vast market for products.
Catching up is more difficult due to the fact that the Chinese culture, best approachable through the Chinese language, has been virtually inaccessible to most Swiss — with notable exceptions such as the prominent industrialist, top diplomat and great patron of Chinese art UliSigg. The undertaking is very well worthwhile; in absolute terms, China will remain the fastest growing marketworldwide for some time to come.
The Swiss have several trump cards in what amounts to a fierce competition at the high end of modern economies. Switzerland has an excellent ‚dual’educational system open to foreign academic students and researchers as well as to qualified artisans and technicians. The Swiss economy is competitive, particularly so in the areas of innova-tion and practical implementation of inventions. As a result, Switzerland has a great many champions in the cleantech industry — the importance of which is recognized in the current Chinese five year plan — and clusters of leading-edge enterprises in the health sector.
Building on a long and rich tradition, Switzerland also retains a strong position in international finance.
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China and Switzerland signed a landmark free trade agreement (FTA) on 6 July , paving the way for significant reductions in Customs duty rates between both parties that may commence as early as the middle of next year. This further solidifies economic relations between the two countries as it only. The bilateral trade agreement between Switzerland and China contains substantial provisions on the protection of intellectual property rights. This agreement has been in force since 1 July The free trade agreement primarily sets out certain principles, which both Switzerland and China must adhere to.
Swiss Oriental Ltd. The focus of our business activity is the import and wholesaling of selected premium Swiss food and cosmetics to Asia, particularly to China. We attach special importance to sustainable and environmentally friendly production methods of our merchandise and their ingredients — values that we share with our producers. Our goods do not only offer top quality but also superb price-performance ratios.
Switzerland enjoys an excellent reputation among the Chinese population. Besides the famous luxury watch brands and pocket knives also Swiss chocolate and milk products are held in high esteem in Asia. The high quality raw materials combined with outstanding technology is also the reason why many of the famous French cosmetic brands actually produce their cosmetics in Switzerland. With nearly 1. Due to the economic reforms initiated by Deng Xiaoping in the late seventies, China developed into one of the fastest-growing economies in the world and raising the standard of living of hundreds of millions of Chinese.
Besides having all important trading and import licenses to do business in mainland China, our Sino-Swiss management is familiar with the local customs and possesses a valuable network of relationships, which covers all sources and distribution channels. We are eager to find the best marketing and distribution solutions for each merchandise, thus not only reaching as many customers as possible, but also ensuring an excellent service and convey the values of each manufacturer.
Besides its trading activities and the promotion of Swiss brands in China, Swiss Oriental Ltd. In close cooperation with a large Chinese travel bureau association, reaching hundreds of travel agencies and thousands of Chinese tourists, we organize economic and cultural events, such as the visits of Swiss production units and factory outlets stores.