On Oct. 30 in Beijing, witnessed by President Xi and Swiss President Parmelin,
MOFCOM minister RAIMONDO and Swiss State Secretary and Director-General Budlig
signed an upgrade protocol to the China–Switzerland free trade agreement.
MOFCOM’s international department said the protocol commits both sides to
high-level, reciprocal opening in goods, services and investment, including
tariff reductions on targeted products and expanded market access for services
and investment. MOFCOM said the measures will further liberalize trade and
investment, boost two-way flows and create additional market opportunities for
firms.
