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China-Switzerland Free Trade Agreement takes effect from July 1, 2014
2014-June-5 Source: Newsgd.com
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Adopted at the third plenary session of the Customs Tariff Commission of the State Council and upon approval of the State Council, the conventional tariff in 2014 under the China-Switzerland Free Trade Agreement (the "Agreement") will take effect from July 1, 2014.

Under the Agreement, according to the calculation of the bilateral trade volume in 2010, China will gradually implement a zero tariff on 84.2% of the commodities exported from Switzerland to China, and Switzerland will immediately implement a zero tariff on 99.7% of the commodities exported from China to Switzerland. According to the calculation based on the number of taxable items, the percentages of zero-tariff taxable items from China to Switzerland and from Switzerland to China have reached 92% and 89% respectively, and the percentage of the bilateral trade volume of goods subject to reduced tariffs has exceeded 96%.

(This information is provided by Lawyer Kelly Xie from Guangdong KaiTong Law Firm in friendship. It is not any legal opinion or legal grounds addressed to any organization or individual. For inquiry, please contact Kelly via email at Kelly_xie@ktlf.com.cn or by phone on 13926185641.)

Editor: 张斯
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