Sunday, May 03, 2009

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

By Professional editor working for Leisure Wear.

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 joint FTA feasibility study for the official start to prepare the negotiations.

Yi Xiaozhun held here in China - the Swiss free trade locality, said commerce Seminar, in the widespread battle against the economic urgent position in the world and encouraging world financial recovery when likely instant, Sino-Swiss free trade locality between the two nations held a seminar to exchange commerce is of specific significance implication, but furthermore the two nations to work simultaneously, a total of grams of the hard times, to encourage just and open world trade natural environment, an significant measure. Sino-Swiss bilateral collaboration in asset endowments, the developed partition of work are highly complementary, which both discover the feasibility of a free trade zone has prepared a solid foundation.

Swiss ambassador to China said the Sino-Swedish seminar, the two boundaries to a probable first step to a free trade environs is in addition very valued step. Since 1978, the implementation of China's reorganise and opening-up guideline, Sino-Swiss bilateral trade has propagated rapidly. Bilateral trade size in 2008 arrived at 11.1 billion Swiss francs, the same of 30 times in 1980. Since 2002, China has become the Switzerland of Asia's most valued trade partners. Sino-Swiss free trade environs between the two nations set up bilateral trade and financial endeavour will play an valued job in endorsing development.

It is described that in a two-day seminar, the two nations from the textile, mechanism, watches and other commerce round the two edges of commerce representatives will present position and development prospects of setting up a free trade zone between the two nations will convey their respective commerce possibilities and change and other matters to discuss. - 2368

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