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A free trade agreement between China and Switzerland was signed in 2013, leading to a decrease in tariffs and a decrease in nontariff barriers as well. A free trade agreement in services is important as many Chinese service providers show interest in Switzerland as a business hub and many Switzerland service providers operate in China. [4]
The Swiss pharmaceutical industry, manufacturers of machinery, appliances, precision instruments, watches and foodstuffs, for example, would suffer significantly from higher tariffs, economists at ...
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