Swiss Trade Agreements

The latest information is available at: The EU trade agreement with Switzerland is, however, particularly cheap 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. You can use online tools that trade with the UK and check how you can export goods to check product and country-specific information on tariffs and current rules for trading goods in the UK. These tools are regularly updated to reflect changes. Switzerland signed a free trade agreement with the then European Economic Community in 1972, which came into force in 1973. [2] Switzerland has been a member of the World Trade Organization since July 1995. Under the WTO, Switzerland has pledged to reduce tariffs and preserve open services markets. The WTO ensures that all Member States comply with the requirements imposed on them and that the requirements are properly implemented. With its accession, Switzerland is able to settle trade disputes with other countries through the WTO.

[9] The manufacture of products in the Country of Origin in Switzerland shall not use primary materials that do not meet the country of origin criteria that are subject to restitution or suspension of customs duties (for example. B, products imported and re-exported to the processing facility). This rule does not apply to agreements with Singapore, South Korea, SACU, Canada, Japan, Colombia and Peru. Switzerland concludes most of its free trade agreements under the European Free Trade Association (EFTA). Outside the EFTA framework, Switzerland has free trade agreements with the EU, China and Japan. The EU is now China`s largest trading partner and would certainly be more ambitious than Switzerland in its relations with China. However, one of the key lessons of the U.S.-China trade war and the ceasefire agreed in the recent Phase 1 agreement is that China has sufficient capacity to withstand external pressure if the other side`s demands do not match the measures it wants to take in both directions. The agreement between China and Switzerland is much broader than the Phase 1 agreement, and it is reciprocal, but it confirms this pattern.

Nevertheless, in all negotiations with China, from agriculture to steel and many types of labour-intensive products (such as clothing), the EU will naturally have its own defensive concerns and red lines. On the basis of this CSFTA review, we conclude that negotiations for a free trade agreement between China and the EU would be laborious to say the least. Although the potential welfare benefits of developing trade relations between these two gigantic economies are far greater than those of an existing EU trade agreement, much will need to change before the terms of a China-EU agreement become truly favourable.