Politics · Singapore Bureau
China, Switzerland cement upgraded trade partnership amid global protectionism
Beijing and Bern have ratified an enhanced trade agreement, with leaders from both nations emphasising the deal's role in countering rising protectionist pressures worldwide. The accord is expected to expand market access for both economies.
LSN Singapore ·
Chinese President Xi Jinping and Swiss President Guy Parmelin jointly lauded the upgraded bilateral trade agreement on Friday, highlighting its significance as a counterweight to growing protectionist sentiment in global commerce. The enhanced accord represents a commitment by both nations to deepen economic ties and maintain open markets despite broader international trends toward trade restrictions. The agreement is expected to facilitate increased market access and commercial opportunities for Swiss and Chinese businesses across multiple sectors. The deal underscores Beijing and Bern's shared interest in preserving rules-based international trade frameworks at a time when major economies are implementing tariffs and trade barriers. The upgraded partnership comes as China seeks to strengthen economic relationships with key partners amid escalating trade tensions with Western nations.