社科网首页|论坛|人文社区|客户端|官方微博|报刊投稿|邮箱 中国社会科学网
FTA a win for local trade, economy (Zhao Yongsheng)

FTA a win for local trade, economy (Zhao Yongsheng)

Author:Zhao Yongsheng From:Global Times Update:2017-08-21 13:43:57

China inked a free trade agreement (FTA) with Switzerland over the weekend, which will largely benefit Chinese customers through tariff reductions on Swiss imports.

But beyond cheaper Swiss watches, I think there is still much the country can gain from this deal.

Striking such an agreement in the geographic heart of Europe may prompt other European Union member nations to reevaluate their trade relationships with China. This could significantly ease trade tensions between China and Europe's other major economies.

Meanwhile, the FTA will help China move closer toward achieving its industrial upgrading goals. As a developed country, Switzerland is well-known for its prowess and precision in cutting-edge technologies.

By lowering trade barriers with Switzerland, Chinese trade officials may realize that it's time to focus on quality instead of quantity when it comes to imports.

The author is Zhao Yongsheng, visiting scholar of the Institute of European Studies, CASS, and vice president of the China-France Association of Lawyers and Economists.

(Contact Zhao Yongsheng:jacques.zhao@163.com

The Institute of European studies Chinese Academy of Social Sciences,All Rights Reserved

5,Jianguomennei Avenue,Beijing 100732,P.R.China Tel:(++86-10)6513 8428 Fax:(++86-10)6512 5818