Switzerland, China closely discussing upgradation of bilateral FTA

The bilateral agreement was signed in July 2013 and entered into force in July 2014.

The spokesperson said that the agreement is high-level, rich in content and mutually beneficial, as well as playing a positive role in strengthening economic and trade cooperation between the two countries, an official news agency reported.

China is now Switzerland's third-largest trading partner. In 2021, the bilateral trade volume hit $44.11 billion, soaring by 96.7 per cent year on year, according to the ministry.

ALCHEMPro News Desk (DS)