Sino Swiss FTA Will Be Implemented In July 1St: Watches And Other Customs Duties Will Be Reduced.

< p > by the State Council's "a href=" //www.sjfzxm.com/news/index_c.asp "tariff > /a > Tax Committee, and submitted to the State Council for approval, the China Switzerland free trade agreement tariff reduction scheme will be formally implemented in July 1, 2014.

The Sino Swiss FTA is the first FTA signed by China and the developed countries in Europe. It is also one of the highest and most comprehensive FTA reached by China in recent years.

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< p > the implementation of this agreement will become a new milestone in the economic and trade cooperation between China and Switzerland, and will provide new impetus for expanding bilateral trade and expanding bilateral market access for goods trade.

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P, January 28, 2011, China and Switzerland announced the launching of the China Switzerland free trade agreement negotiations.

After 9 rounds of negotiations, on May 24, 2013, under the testimony of Premier Li Keqiang and Swiss Confederation chairman Maurer, China and Switzerland signed the memorandum of understanding on ending the China Switzerland free trade agreement negotiations in the Swiss capital Berne.

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< p > July 6, 2013, the two sides formally signed the < a href= "//www.sjfzxm.com/news/index_c.asp" > agreement < /a > in Beijing.

According to the agreement, according to the calculation of bilateral trade volume in 2010, China will gradually impose zero tariffs on Switzerland's 84.2% export products to China. Switzerland will immediately impose zero tariffs on China's 99.7% export products to Switzerland.

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< p > according to the number of tax figures, the ratio of zero tariff duty to Switzerland and Switzerland is 92% and 89% respectively, and the proportion of goods trade between the two sides participating in tax reduction is more than 96%.

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The main products of China's tariff reduction granted to Rui Fang include: metal products, machinery parts, household appliances, some watches, precision instruments and fine chemicals, coffee, cheese and so on. Rui Fang's tariff reduction products to China include all industrial products and large part of agricultural products (000061 shares). P

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P, Switzerland, is one of the most developed countries in the world economy. Precision machinery, textile machinery, power generation equipment, fine chemical industry and watch industry are at the leading level in the world.

The implementation of tariff reduction measures in the Sino Swiss FTA will help Chinese enterprises to import advanced equipment and technology from Switzerland, and promote the pformation and upgrading of domestic related industrial structure.

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At the same time, Switzerland abolished all industrial tariffs and cancelled or reduced most agricultural tariffs on China. This will help export the agricultural products such as auto parts, metal products, < a href= "//www.sjfzxm.com/news/index_c.asp" > textiles > /a > clothing and other industrial products and vegetables, fruits and processed foods to Switzerland, especially Switzerland's tariff concessions on agricultural products, which will provide better access conditions for our agricultural products to enter the Swiss market than other countries.

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< p > in the future, with the implementation of the Sino Swiss FTA, it will play a more positive role in promoting the development of Switzerland and even the European market and enhancing the economic and trade cooperation between China and Switzerland.

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