BEIJING, Sept. 23 -- China and Switzerland on Monday began negotiations on an upgrade of the Sino-Swiss free trade agreement (FTA), with both sides agreeing to intensify consultations and reach a high-level upgrade agreement as soon as possible on the basis of mutual benefits.
Parmelin said that with trade protectionism on the rise globally, it is of great significance that China and Switzerland have launched their FTA upgrade negotiations.
Both sides should uphold free trade and open markets, accelerate negotiations on upgrading the bilateral free trade agreement for substantive progress, and contribute to global peace, stability, and economic prosperity, He said. Keller-Sutter said that Switzerland and China have maintained close high-level exchanges in recent years.
Parmelin said Switzerland supports multilateralism and free trade, and is willing to work with China to expedite negotiations on upgrading the free trade agreement to reach a more comprehensive and ambitious agreement at an early date, delivering greater benefits to businesses and the people of both countries.
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