Switzerland, China sign MoU to start negotiations on upgrading FTA

03 Jul '24

1 min read

Switzerland, China sign MoU to start negotiations on upgrading FTA

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Switzerland and China recently signed an MoU to officially start negotiations for upgrading the Sino-Swiss Free Trade Agreement as soon as possible, the latter's commerce ministry said.
Chinese commerce minister Wang Wentao discussed bilateral economic and trade ties with Swiss federal councilor Guy Parmelin at the eighth Sino-Swiss Economic Forum in Beijing

Switzerland and China recently signed a memorandum of understanding (MoU) to officially start negotiations for upgrading the Sino-Swiss Free Trade Agreement (FTA) as soon as possible, the latter’s commerce ministry said.

Chinese commerce minister Wang Wentao discussed bilateral economic and trade relations with Swiss federal councilor Guy Parmelin at the eighth Sino-Swiss Economic Forum in Beijing.

China is Switzerland's third-largest trading partner, while the latter is the former’s sixth-largest in Europe.

Sino-Swiss trade volume grew by 4.4 per cent in 2023, reaching $59.5 billion, Wang was cited as telling the forum by state-controlled media outlets.

The forum was jointly hosted by the Swiss Chinese Chamber of Commerce and the embassy of Switzerland in China.

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