Switzerland and China sign upgraded free trade agreement
Switzerland and China signed an upgraded free trade agreement during President Guy Parmelin’s visit to Beijing. The text strengthens provisions on environmental and labour standards alongside access for Swiss goods and investment. Parliamentary ratification is still required for tariff changes. Separate agreements signed during the visit address employment cooperation and exchanges of scientific data.
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Leaders oversee signing in Beijing
Switzerland and China signed an upgraded free trade agreement on October 30 following talks in Beijing between Swiss President Guy Parmelin and Chinese President Xi Jinping. The new text updates the bilateral agreement that took effect in 2014. According to the Swiss government, it improves access to China’s market for Swiss goods and investment. Tariff changes remain subject to ratification by Switzerland’s parliament, with many duties on Swiss exports set for removal if it approves.[1], [2]
Binding chapter covers labour and environmental standards
The agreement strengthens environmental protection and labour provisions in a legally binding chapter on trade and sustainable development. Swiss authorities describe this as a first for a Chinese free trade agreement. A linked agreement on labour and employment cooperation was also signed. The two countries established diplomatic relations in 1950 and an innovative strategic partnership in 2016; the original trade agreement dates from the period between those milestones.[1]
Scientific data exchange gets a legal framework
A separate research and development agreement signed during the visit seeks rules for managing scientific data across borders. It is intended to let Swiss researchers share data with Chinese counterparts within a secure legal framework. The presidents also discussed international security and bilateral relations, while business and scientific representatives accompanied Parmelin. Switzerland and China hold dialogue in around 30 policy areas; the latest human rights discussions took place in Bern on October 19 and 20.[1]
