China textile export Switzerland is possible to be zero tariffs

According to Voice of China “CNR News” reported that China and Switzerland signed an end-Switzerland FTA negotiating a memorandum of understanding, the two sides since 2010, which marks the start of FTA negotiations basically settled, from the signing of the agreement and approved the implementation step.

Chinese Minister of Commerce Gao said, Sino-Swiss FTA these to the highest level of China’s foreign reached, the most comprehensive FTA one. First, the proportion of zero tariff agreement is very high, the Swiss will have 99.7% of the exports of China immediately implement zero tariffs, China 84.2% for the Swiss export implement zero tariffs.

For Chinese consumers, to produce sophisticated Swiss watches are known for Swiss products we are most familiar with, and if the Rui Dacheng FTA, bilateral import and export tariffs on most goods will be substantially reduced, which means Swiss watches prices as tariff cuts will be reduced.
Free trade agreement between the two countries mainly refers to the multinational or a legally binding contract between the purpose is to promote economic integration, the main goal is to eliminate tariffs on most goods and non-tariff trade barriers, allowing products and services flow freely between countries.