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Yu Jianhua Said: Tariffs In The First Year Were Reduced By 18%.

2013/5/29 22:20:00 12

"P" recently, the new China Office held a news briefing on the outcome of the China Switzerland free trade agreement negotiations, and for the first time publicly disclosed the contents of the FTA. Yu Jianhua, Assistant Minister of Commerce, said that China and Switzerland are now exploring the possibility of signing the FTA formally around July this year. After the completion of the FTA, Switzerland will impose zero tariffs on 99.7% of China's exports, and there will be no spanition period. In addition, Swiss watches will pay a 60% reduction in ten years. 
"P" recently, under the testimony of Premier Li Keqiang and Swiss Confederation chairman Ueli Maurer, Chinese Commerce Minister Gao Hucheng signed a memorandum of understanding on ending the Sino Swiss free trade agreement negotiations with Schneider and Oman, Swiss Confederation's member and economic minister, in Berne, Switzerland. This marks the start of the Sino Swiss FTA officially launched in January 2011, ending the nine round of negotiations in two and a half years, and reaching agreement on substantive issues. 
 "the negotiation of China's Swiss free trade zone is the first FTA that China has negotiated on the European continent. Before we concluded negotiations with Iceland's FTA, the FTA negotiations in Switzerland were the first in the European continent, and the significance is very significant." Yu Jianhua pointed out. 
According to P, the Sino Swiss FTA is one of the highest and most comprehensive FTA reached by China in recent years. First, there is a high zero tariff ratio between the two sides. Secondly, the agreement covers many new rules, such as environment, labor and employment cooperation, intellectual property rights, government procurement information exchange, competition and so on. 
 Yu Jianhua said that Switzerland will immediately impose zero tariffs on 99.7% of China's exports. China will finally implement zero tariffs on 84.2% of Switzerland's exports. If combined with some tax reduction products, the proportion of products that Switzerland participates in tax reduction is 99.99%, and China is 96.5%. 
 specifically, in terms of industrial products, Switzerland has undertaken to implement zero tariffs on all industrial products exported to Switzerland since the entry into force of the agreement, including China's larger export interests and higher export share. < a target= "_blank" href= "http:// www.sjfzxm.com/" > textile > /a > products, a target= "_blank", "_blank". 
 in the relatively sensitive agriculture, Rui Fang implements zero tariff on more than 960 kinds of agricultural products in China, which involves more than 76% of China's exports to Switzerland's agricultural products, and 403 kinds of agricultural products to China's partial tax reduction. 
In terms of service trade, Switzerland agreed for the first time the time limit for handling the visa, work permit and residence permit, and agreed to cooperate with China in the dialogue on Chinese medicine, and made further commitments in tourism, spanlation and other fields. P 
 "according to the agreement, China's profit is quite obvious. Switzerland's trade volume of 99.7% of China's exports has agreed to zero tariff, and there is no spanition period. It agreed to implement the agreement on the date of its implementation. In addition, 0.29% of the remaining 0.3% are partial tax reduction, and 0.01% as an exception." Yu Jianhua pointed out. 
At the same time, the Sino Swiss FTA agreement is a mutually beneficial and win-win agreement. Our country has made some open commitments based on the level of competition in Switzerland, the situation of our country's market and the affordability of the industry. P Including: 84% of the product imports to Switzerland, zero tariff, of which 67% agreed to implement zero tariffs on the date of the entry into force of the agreement. 
At the same time, China has made exception handling arrangements in the sensitive areas including machine tools, textile machinery, chemicals, automobiles and other spanitional areas. P 
 for Swiss watches, which consumers are more concerned about, Yu Jianhua said that 60% tariffs will be reduced in 10 years, and 18% in the first year. But he also said that tariffs are only a factor affecting the price of watches, and the key is determined by the relationship between supply and demand. "Besides tariff, we also have import link tax, value-added tax and consumption tax. These are not the areas covered by the free trade area. The big trend is that the price should be reduced and how much is down."