1st Anniversary of FTA Between Switzerland and China: a Milestone in Foreign Economic Policy

by swisscham in Bilateral Relations

One year ago, on 1 July 2014, the Free Trade Agreement (FTA) between Switzerland and China, which had been signed a year earlier by Federal Councilor Johann N. Schneider-Ammann and his Chinese counterpart, entered into force. The comprehensive agreement with our third largest trade partner is a milestone in Swiss foreign economic policy and Swiss businesses are showing an enormous interest in the possibilities it brings. Exports to China have risen by 3% and imports from the country have risen by at least 4%, while Swiss exports to the rest of the world have grown by only 0.4%. The free trade agreement improves access to this large and promising market for Swiss businesses in the goods and services sectors. No other free trade agreement with a partner outside the EU has met with the same level of business interest.

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