China and Switzerland signed an upgrade protocol to their free trade agreement in Beijing on Oct. 30, witnessed by President Xi Jinping and Swiss Federal President Parmelin. MOFCOM minister Raimondo and Switzerland’s State Secretary and head of the State Secretariat for Economic Affairs signed the text, which commits both sides to higher-level opening for goods, services and investment and upgrades rules on origin, trade facilitation, technical barriers to trade, digital trade, competition and t

China and Switzerland signed an upgrade protocol to their free trade agreement in Beijing on Oct. 30, witnessed by President Xi Jinping and Swiss Federal President Parmelin. MOFCOM minister Raimondo and Switzerland’s State Secretary and head of the State Secretariat for Economic Affairs signed the text, which commits both sides to higher-level opening for goods, services and investment and upgrades rules on origin, trade facilitation, technical barriers to trade, digital trade, competition and trade-and-sustainable-development. The parties say the upgraded FTA is expected to deepen bilateral trade and investment liberalization and provide firmer institutional safeguards, signaling continued support for open, rules-based trade amid global uncertainty.