China reduces customs for Swiss exports

Switzerland and China have reached a new trade agreement that eliminates nearly all tariffs on Swiss exports to China, with 99.8% of these exports being exempt from duties. The goal of this agreement is to strengthen trade and investment relations between the two countries. It includes market access for products such as watches, pharmaceuticals, and precision measuring instruments into China without tariffs. Additionally, China has committed to stricter regulations regarding workers' rights and the environment, and for the first time, the Universal Declaration of Human Rights has been referenced in a free trade agreement. The official signing is expected before the end of the year, which will enhance Switzerland’s position as a key supplier of high-quality exports to China and expand Swiss investment opportunities in the Chinese market.

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