Trade Agreement Between China And Switzerland

18 déc Trade Agreement Between China And Switzerland

The most frequent misunderstandings about free trade agreements (and how to avoid them) 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. Two-way trade between the two countries is growing at an annual rate of 20-30%. [4] In 2007, Swiss exports were valued at 5.4 billion francs, or $5.36 billion. [4] China is now Switzerland`s largest trading partner in Asia, ahead of Japan. [4] This blog uses data on Chinese exports, as reported by the World Bank`s World Integrated Trade Solutions (WITS). It should be noted that there are significant differences in the WITS database between data on Chinese exports to Switzerland (with China as a reporting party) and Swiss imports from China (with Switzerland as a reporting party). The agreement allows the contracting parties to apply bilateral safeguards under certain conditions. If tariff concessions under the free trade agreement lead to an increase in imports on a scale that causes or seriously harms a domestic industry, tariff concessions may be temporarily suspended. However, China`s concessions are primarily 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 new free trade agreement between Switzerland and China Update: Swiss-China Free Trade Agreement: Direct Transport With regard to legal respect for intellectual property rights, the free trade agreement provides that the measures taken by customs authorities to combat counterfeiting and piracy apply not only to imports of goods, but also to their export. The seizure of suspect products (either automatically or at the request of the rights holder) and the possibility of analyzing samples and samples of products subject to subject are provided.