The Unique Advantages Of Ningbo'S European "Crossroads" To Bridge The EU Market

China's Ministry of Commerce and the Swiss Confederation Committee formally signed the Sino Swiss FTA on the weekend. The agreement covers traditional trade, services, finance, intellectual property and other fields. According to the agreement, there will be more than 95% of the final zero tariff products between the two countries, which will bring great benefits to enterprises such as Ningbo Rui a target= "_blank" href= "//www.sjfzxm.com/" > textile "/a" and other products.

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Since the beginning of this year, Ningbo's trade with Switzerland has continued to show a good momentum. < p >

In the first half of the year, the Ningbo inspection and Quarantine Bureau accepted 1007 batches of French goods exported to Switzerland in the Ningbo region, with a total amount of $40 million 510 thousand, which increased by 16.42% and 128% respectively.

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< p > according to the introduction, the Sino Swiss FTA is a comprehensive, high-level and mutually beneficial agreement. Its tax reduction level exceeds the 90% level of tax reduction in the general FTA.

For Ningbo enterprises, the biggest advantage is the textile < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > industry.

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Prior to the signing of the Sino Swiss FTA, China enjoyed the preferential tariff system offered by Switzerland to the developing countries, but it did not include textiles, clothing and certain chemicals, furniture, toys and sporting goods. P

After the implementation of the Sino Swiss FTA, the Swiss side has zero tariff on all products exported to China.

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< p > the products exported to Ningbo by Switzerland are mainly garments, < a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > category, small household appliances and so on.

Exports of textile products account for an important share of Ningbo's export to Switzerland. China and Switzerland achieve free trade and tariffs fall to zero. Ningbo's textile products are expected to enter the Swiss market more and expand market share.

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< p > the Sino Swiss FTA will not only help expand the trade links between Ningbo enterprises and Switzerland, but at the same time, Switzerland, as the traditional trade channel of the EU, will make Ningbo enterprises a bridge to open up the EU market and make the conditions for Ningbo enterprises to further develop the EU market.

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