🌟 Exciting news on the international trade front! China and Switzerland have just hit the \"upgrade\" button on their free trade agreement (FTA), kicking off negotiations to level up their economic partnership. 🚀
On Monday, Chinese Minister of Commerce Wang Wentao and Swiss Federal Councillor Guy Parmelin announced the start of talks through a livestream. Talk about modern diplomacy! 📹
Minister Wang highlighted that the Sino-Swiss FTA, which turned 10 this year, has been a game-changer for both nations. \"Enterprises in both countries have truly benefited,\" he said. 🎉
The upgrade aims to boost bilateral trade, supercharge two-way investment, and give a fresh spin to economic and trade cooperation between China and Switzerland. It's like updating your favorite app to unlock new features! 📲✨
In a world where economic globalization is facing some stormy weather 🌧️, this move sends a positive vibe. Parmelin pointed out that amidst rising trade protectionism, it's significant that China and Switzerland are doubling down on free trade. \"It shows our commitment to building an open, standardized environment for international economic and trade cooperation,\" he added. 🤝🌍
The original Sino-Swiss FTA was signed back in July 2013 and came into effect a year later. It's been a wild ride since then, and this upgrade promises to take the partnership to the next level. Think of it as a sequel that's expected to be even better than the original! 🎬🔥
Stay tuned for more updates on this developing story. Here's to more global collaboration and breaking down trade barriers! 🥂
Reference(s):
China, Switzerland open talks on free trade agreement upgrade
cgtn.com
