The free trade agreement between China and Switzerland has become effective since July 1st. This is the first free trade agreement China signed with a European country. Analysts think that such an agreement can not only bring direct benefits to both countries, but also facilitate companies in both countries to invest each other. This agreement will boost the bilateral cooperation of these two countries to “jump high”. When the agreement comes effective, Switzerland will adopt the tariff-free policy direct on 99.7% of products imported from China while China will also gradually adopt its tariff-free policy on 84.2% of products imported from Switzerland (incl. 67% of products benefited from the direct tariff-free policy). The other 17% will be completely tariff-free probably within 5 to 10 years in the fastest pace or no more than 15 years.(…)
via Fastener World Inc. (Fastener Magazine) – Overseas Sales Net.