Chinese, Swiss presidents attend cooperation document signing ceremony

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Chinese President Xi Jinping and President of the Swiss Confederation Guy Parmelin on Friday witnessed the signing of the protocol on upgrading free trade agreement and multiple cooperation documents in areas such as scientific research, employment and the media.

Under the protocol on upgrading free trade agreement, the two sides will make high-standard commitments to further opening up trade in goods, services and investment, while upgrading rules covering rules of origin, trade facilitation, technical barriers to trade, digital trade, competition, and trade and sustainable development.

Switzerland is China's seventh-largest trading partner in Europe, while China is Switzerland's largest trading partner in Asia. Bilateral trade reached $49.04 billion in 2025.

China and Switzerland signed their original FTA in 2013, and the agreement entered into force in July 2014. The two countries launched negotiations to upgrade the agreement in September 2024 and announced their completion in August 2026, following five rounds of talks.

(With input from Xinhua)

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