China and Switzerland have completed the upgrade negotiations of their free trade agreement, under which 99.8% of Swiss exports will enjoy duty-free treatment.

China and Switzerland announced the completion of negotiations for upgrading their free trade agreement. The Swiss government issued a statement on Thursday saying that the new trade agreement will grant duty-free treatment to 99.8% of existing Swiss exports to China. Iconic Swiss export products such as watches, pharmaceuticals, and precision instruments will be able to enter the Chinese market entirely duty-free. Swiss investors will also enjoy improved access to the Chinese market. China has become Switzerland's third-largest trading partner, after Germany and the United States.

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Original article: toutiao.com/article/1874109643552779/

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