Rui Fang Will Implement Zero Tariff In The Sino Swiss FTA

< p > China and Switzerland signed the memorandum of understanding to end the negotiations on the Sino Swiss FTA. This marks the end of the negotiations on the FTA negotiations launched by the two sides in 2010, which is only one step away from the signing and approval of the agreement.

Switzerland will also become the first country in the European continent and the world's 20 largest economy to reach FTA with China.

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When the trade agreement between China and Switzerland is signed, the cost of importing clocks and precision instruments from Switzerland will be further reduced. The public is expected to buy cheaper Swiss quality products. For enterprises, the FTA will benefit nearly 1000 export enterprises -- the traditional products of Ningbo, such as mechatronics, < a target= "_blank" href= "//www.sjfzxm.com/", "clothing /a", wire and cable, toys and so on, will be promising in the Swiss market.

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The statistical data from the Ningbo inspection and Quarantine Department of the Ningbo city showed that in 2012, there were 1902 batches of export law inspection products in the Ningbo region, with a value of $38 million 120 thousand, involving nearly 1000 manufacturing enterprises.

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< p > < strong > nearly 1000 export enterprises have welcomed the good news < /strong > /p >

< p > "before the export of products to Switzerland, all taxes and fees will add up to 10% at the same time, and once the FTA is signed, the cost of this part can be greatly reduced, and the speed of exports will accelerate."

Liu Yang, the head of a small household electrical appliance enterprise in Cixi, told reporters yesterday.

The vacuum cleaner produced by the company is exported to many EU regions including Switzerland.

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In the "P" Sino Swiss FTA, the Swiss side will export 99.7% of China's exports immediately after the agreement comes into effect. China will finally implement zero tariff on the export of Rui Fang 84.2% (67% of them will immediately impose zero tariffs on the date of the effective date of the agreement, and the other 17% will reach zero tariff level in 5 to 15 years).

If some tax reduction products are added, the proportion of products that Switzerland participates in tax reduction is 99.99%, and the Chinese market is 96.5%, which is higher than that of the general FTA.

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< p > "based on the restriction of origin, the completion of the Sino Swiss free trade zone does not mean that Chinese products can be freely entered into the EU market with Switzerland as a springboard, but this is possible for importing semi finished products from China to Switzerland and then exported to the European Union, thus expanding the EU market to a certain extent."

Liu Yang said.

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"P >" Ningbo's exports and its products are more competitive than before. After the Sino Swiss FTA agreement comes into effect, Sino Swiss Trade will enter the zero tariff era.

For the nearly 1000 enterprises involved in Swiss exports, it is undoubtedly a great advantage. At that time, Ningbo's fist products will also be promising in the Swiss market.

Ningbo inspection and quarantine department official said.

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