China and Switzerland are signed from trade agreement 99.7% Switzerland goods 0 custom duty

Swiss watch

Integrated Xinhua News Agency electric ChinaDepartment of CommerceCity of ministerial tall tiger and Svancouver to harrison hot springswiss federal committee member hold economic minister John concurrently·Shi Naide - Oman signs China formally 6 days in Beijing - agreement of Swiss free trade. This is an each trade agreement that China and European mainland country sign.

On the press conference that holds after signing ceremony, lucky both sides expresses in, the subscription from trade agreement is developing of collaboration of trade of two countries classics another milepost. This agreement established the system framework that can forecast for dealings of trade of classics of prospective two countries, be sure to bring long-term, positive effect for bilateral economy progress.

Tall tiger city expresses, in luck from trade agreement be comprehensive, of Gao Shuiping with agreement of mutual benefit mutual beneficial. In luck after trade agreement become effective, luck just will is opposite in square 99. The exit of 7 ％ carries out 0 custom duty instantly, just will be opposite in luck square 84. The exit of 2 ％ carries out 0 custom duty finally, if add upside cent to fall the product of duty, switzerland is participated in fall the product scale of duty is 99. 99 ％ , just be in 96. 5 ％ . This exceeds greatly general from the 90 ％ in trade agreement fall duty level.

north face shirtsOur country criterion is mixed according to the competitive level of Swiss industry of domestic industry bear ability, younger to partial competition ability country industry transfers through setting period, fall partly duty arrangement and preserved 457 industrial product (if machinery of machine tool, spin, chemical industry is tasted, car, dairy produce and medical product) handle as the exceptional product from trade agreement. That is to say, milk powder is not inside the limits of 0 custom duty. Tall tiger city sayswatch cases, luck reflected China to continue to enlarge open determination and confidence from trade agreement in, china will be accelerated for chance witthe most popular norton internet antivirush this from trade strategy. Hope both sides clutchs the job, complete respective country prospring poolgram as soon as possible, promote an agreement at an early date become effective, make two countries enterprise and people benefit at an early date.

China is Switzerland the biggest commerce in the Asia is companionate, switzerland is the associate of the 8th large trade that China is in Europe. Bilateral trading business volume is the luck in 2012 263. 100 million dollar, bilateral commercial scale reachs before this year 5 months 228. 900 million dollar, grow 114 compared to the same period. 2 ％ . Up to this year in May, swiss accumulative total is right China invest 5.2 billion dollar.

Swiss watch is cheap... little

The luck in the basis from trade agreement content, switzerland exports the trade volume of 99.7% to agree to fulfil 0 custom duty to China, and do not havwatch case manufacturere any transition period, agree to be since the day of consultative become effective execute, additional, the others 0.3% in having 0.29% is to fall partly duty, still have 0.01% by way of exception. And the Swiss watch that consumer cares quite, express to be in these 0.29% lis. And, watch will reduce 60% custom duty inside 10 yethe most popular selling norton internet antivirusars, reduce the first year first 18% .

the best selling north face shirtsCurrent, sells inside Switzerland watch asks for Swiss categories of taxes, include the import tariff of 11% above, value added tax of 17% , the watch of 10 thousand yuan of above still needs to impose the luxury consumption tax of 20% . Be compared and character, the tax rate of value added tax and consumption tax is higher than custom duty. Luck is signed in from trade agreement later, import tariff can get be cuttinged down considerably, but other categories of taxes does not suffer the effect from trade agreement commonly. Yu Jianhua of assistant of minister of Department of Cobrass faucet aerator mmerce thinks, will for a long time look, the price can fall, but specific extent is bad to judge.

The disthe best spring pooltrict director that pursues luxury trade for a long time in Beijing discloses to the reporter say, although take off the custom duty of Swiss watch entirely, affect to the price also very won't big. This director says, custom duty take out, actually of retail prices of unalterable China luxury fluctuant, much is customs custom duty of China between 10%-20% . Cite a case, if retail price of a product is 30000 yuan, if be like to the price holiday of bank China,be 15000 yuan, the custom duty of 11% is 1650 money, and 18% what reduce custom duty the first year only, make an appointment with 300 yuan namely, depreciate extent is true very small. (in new)

Substantival explanation

Free trade agreement

Be ti want modern dining chairswo countries or multilateral a bond that has legal sanction, through removing the custom duty of great majority goods and barrier of trade of blame custom duty, allow product and service to flow freely between the country, achieve economic integration finally.

Current, of China already amounted to 20 countries and area from trade associate. China is having 5 from trade division in what business builds, it is custom duty of Africa of Haigehui, Australia, Norway, south respectively affined and Korea. Studying have China from trade division - division of trade of India, Sino-Japanese Hanzi.