Recently, Chinese Minister of Commerce Gao Hucheng and Swiss Federal Councilor and Minister of Economy John Schneider-Aman officially signed the China-Switzerland Free Trade Agreement in Beijing. This is the first free trade agreement signed between China and the European continent.
It is understood that the China-Switzerland FTA is a comprehensive, high-level, high-quality, mutually beneficial agreement. First, the zero-tariff ratio of the agreement is high. After the China-Switzerland FTA comes into force, Switzerland will immediately implement zero tariffs on 99.7% of China's exports to Switzerland. China will eventually implement zero tariffs on Swiss exports to China's 84.2% of its products, 67% of which will be implemented as soon as the agreement takes effect, and another 17% will gradually implement zero tariffs in 5 to 10 years and up to 15 years; and 12.3% It is to cancel the 60% tariff within 10 years. In the future, the proportion of products involved in tax reduction in Switzerland will be 99.99%, and the Chinese side will be 96.5%, which greatly exceeds the 90% tax reduction level in the general FTA. Second, the agreement provides a platform for industry cooperation between the two countries. Third, the agreement covers many new rules such as environment, labor and employment cooperation, intellectual property rights, government procurement information exchange, and competition.
It is understood that the China-Switzerland FTA is a comprehensive, high-level, high-quality, mutually beneficial agreement. First, the zero-tariff ratio of the agreement is high. After the China-Switzerland FTA comes into force, Switzerland will immediately implement zero tariffs on 99.7% of China's exports to Switzerland. China will eventually implement zero tariffs on Swiss exports to China's 84.2% of its products, 67% of which will be implemented as soon as the agreement takes effect, and another 17% will gradually implement zero tariffs in 5 to 10 years and up to 15 years; and 12.3% It is to cancel the 60% tariff within 10 years. In the future, the proportion of products involved in tax reduction in Switzerland will be 99.99%, and the Chinese side will be 96.5%, which greatly exceeds the 90% tax reduction level in the general FTA. Second, the agreement provides a platform for industry cooperation between the two countries. Third, the agreement covers many new rules such as environment, labor and employment cooperation, intellectual property rights, government procurement information exchange, and competition.
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