Swiss China Trade Agreement

By April 12, 2021 Uncategorized

Swiss Centers Mr Kuno Gschwend. E-mail: kuno.gschwend@swisscenters.org The most common misunderstandings about free trade agreements (and how to avoid them) Therefore, any topics you find relevant and the articles you can provide in these categories would be accepted. Please send your articles to Mrs. Nini Qi: nini.qi@sha.swisscham.org. China`s concessions in the services sector under the CSFTA were even more limited than in merchandise trade. The service plan for the Sino-Swiss agreement largely reflects the service plan of China`s WTO accession protocol (China has made major commitments to historic WTO members). The CSFTA makes only minor additional concessions. Given that the Swiss have a strong offensive interest in the services sector, particularly in the financial services sector, their lack of concessions from China is an indication of China`s reluctance to open up its services sector further. Services are also a major offensive interest of the EU. While the EU has a large deficit in trade in goods with China, it has a surplus in services.

A bilateral agreement signed in 2013 between China and Switzerland on the illegal import, export and repatriation of cultural goods has contributed, in a significant context, to this intensification of cultural exchanges. Update: Free Trade Agreement between Switzerland and China: China`s concessions to direct transport are mainly in areas where trade barriers were already low. The CSFTA is making little progress in areas of potential interest to the EU. B such as high value-added production (mainly vehicles) and professional services. The agreement hardly addresses other Chinese practices that attract the most persistent criticism from the EU and others. For example, while both sides commit to “adequate and effective protection of intellectual property rights and enforcing intellectual property rights,” commitments remain vague and are consistent with previous joint statements between China and the EU. The bilateral dialogue on intellectual property rights and the annual meeting of the INTELLECTUAL property working group, set up by the CSFTA, do not appear to have made much progress beyond the original Memorandum of Understanding. The bilateral trade agreement between Switzerland and China contains essential provisions for the protection of intellectual property rights. This agreement has been in force since 1 July 2014. Switzerland`s economic relations with China date back to the late 18th century, when colonial powers made foreign concessions in China and Swiss traders benefited from consular protection, unequal contracts and extraterritorial rights. [3] After the Chinese revolutions (the boxer`s rebellion and the Xinhai Revolution) at the beginning of the 20th century, Sino-Swiss economic relations were severely affected by Japanese hegemony in mainland China and by Switzerland`s proximity to European colonial powers.

It was not until the end of the Second World War that Switzerland, along with other European countries, abandoned colonial trade and moved from trade in textiles and food to watches and machinery. [3] This content was published on 26 Sep 2018 on 26 September 2018 The Sino-Swiss Free Trade Agreement saved businesses 100 million francs in tariffs last year, but not all companies are convinced. Sino-Swiss economic relations have accelerated since Deng Xiaoping`s economic reforms in the late 1970s. [3] Switzerland`s trade with China is not in deficit, as other industrialized countries trade with China.