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What China-Switzerland FTA brings about?(3)

2013-05-25 13:26 Xinhua     Web Editor: Gu Liping comment


Premier Li said in a signed article published Thursday in Neue Zuricher Zeitung, a German-language Swiss daily, that with the advent of FTA, Switzerland will become the first country in continental Europe and the first of the world's top 20 economies to reach an FTA with China, and the implications will be significant.

He said the FTA fully demonstrates that China will not stall in its opening-up and that it is firmly committed to upholding the multilateral trading regime, vigorously promoting regional trade liberalization, and accelerating the implementation of the FTA strategy.

"Moreover, a high-quality FTA agreement between China and Switzerland will also set a good example. It will not only upgrade our business and investment cooperation but also send a powerful message to the rest of the world that we reject trade and investment protectionism and, instead, we embrace trade liberalization and facilitation," the article said.

"It will inject fresh impetus into China-EU business ties, bring tangible benefits to consumers and businesses in both of our countries, and contribute to world trade and economic recovery," wrote Li.

Luzius Wasescha, special advisor to the Foreign Ministry of Switzerland, told Xinhua that the Sino-Swiss FTA is a chance for China to use Switzerland as a laboratory to further develop its relations with other European countries.

"The experience we can share with you may be useful in your development of strategies toward other European countries," said Wasescha, who was the Swiss ambassador to the World Trade Organization (WTO) from 2007 to 2012.

Klaus Schwab, founder and executive chairman of the World Economic Forum, said that a mutually beneficial agreement could encourage other nations to strengthen global trade.

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