China and Switzerland finalize trade deal upgrade

China and Switzerland announced the completion of negotiations to upgrade their Free Trade Agreement, after five rounds of consultations that began in September 2024. They signed a Memorandum of Understanding in Bern. The upgrade aims to enhance mutual openness in the areas of goods, services, and investment, creating new opportunities for economic and trade cooperation between the two countries. This step is considered an important milestone in the development of bilateral relations and provides a more stable and transparent framework for companies. It also reflects the commitment of both sides to free trade and the existing rules-based international economic environment.

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