Sunday, May 3, 2009

Sino-Swiss FTA feasibility study will start the second half of this year

By zou

Xinhua News Agency, Beijing, April 27 - Vice Minister of Commerce Yi Xiaozhun said on the 27th, China, Switzerland will be the second half of this year bilateral junction FTA feasibility study for the authorized start to arrange the negotiations.

Yi Xiaozhun held here in China - the Swiss free trade environs, said development Seminar, in the universal conflict against the fiscal critical purpose in the world and endorsing world monetary recovery after probable time, Sino-Swiss free trade environs between the two nations held a seminar to exchange development is of actual value meaning, but in addition the two nations to work concurrently, a total of grams of the hard times, to endorse just and open world trade surroundings, an valued measure. Sino-Swiss bilateral support in supply endowments, the highly-developed separation of task are highly complementary, which both investigate the feasibility of a free trade zone has arranged a solid foundation.

Swiss ambassador to China said the Sino-Swedish seminar, the two edges in the direction of a likely first step in the direction of a free trade locality is furthermore very significant step. Since 1978, the implementation of China's restructure and opening-up principle, Sino-Swiss bilateral trade has developed rapidly. Bilateral trade capacity in 2008 come to 11.1 billion Swiss francs, the matching of 30 times in 1980. Since 2002, China has become the Switzerland of Asia's most significant trade partners. Sino-Swiss free trade locality between the two nations set up bilateral trade and buying into will play an significant function in encouraging development.

It is reported that in a two-day seminar, the two countries from the textile, machinery, watches and other industries around the two sides of industry representatives will present situation and development prospects of establishing a free trade zone between the two countries will bring their respective industry opportunities and adjustment and other issues to discuss. - 22787

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