Chinese commerce minister Wang Wentao and head of the Swiss federal department of economic affairs, education and research Guy Parmelin announced the launch of talks through a livestream, the Chinese commerce ministry said in a statement.
Signed in July 2013 and coming into effect a year after, the FTA has played a positive role in promoting the growth of bilateral trade, and enterprises in both countries have benefitted, Wang noted.
Upgrading the FTA will help expand bilateral trade and boost two-way investment, and promote the upgrading of economic and trade cooperation between the two countries, he was cited as saying by a Chinese state-controlled media outlet.
Fibre2Fashion News Desk (DS)