by swisscham in
On 9th January 2013, the Swiss Federal Council approved the Report on foreign economic policy in 2012. According to the revised trade statistics, the term “country of origin” is now determining. This appreciation brings significant changes to some countries’ commercial balance. Thus in 2011, the volume of imports from China to Switzerland grew from CHF 6.3 billion to CHF 9.6 billion (+3.3 billion). According to the new rule, the trade balance of Switzerland to Mainland China in 2011 presents a deficit of CHF 0.9 billion instead of an surplus of CHF 2.5 billion.