China- Switzerland Free Trade Agreement
The Free Trade Agreement between China and Switzerland entered into force in July 2014.
It provides for preferential tariff rates and/or full tariff elimination for most industrial products across HS sectors 25 through 97 including most energy products and its constituents including but not limited to:
- Electric motors, turbines and generators;
- Mechanical equipment including pumps, appliances, and other advanced machinery;
- Electric accumulators, transformers, capacitors, batteries;
- Motor vehicles;
- Mineral ore, slag and ash;
- Mineral fuels, oils and other products;
- Metals and their articles e.g. iron and steel;
- Semiconductors devices and photovoltaic cells;
Rule of origins apply to qualify for the preferential tariff treatment. Conditions to confer originating status notably include:
- For ores, slag and ash, it requires to be wholly obtained in a party
- For mineral fuels and oils, metals (including iron and steel) and selected machinery, it requires i. most non-originating materials used in the production of the product to undergo a change in tariff classification or ii. value of non-originating materials to not exceed 60% of the ex works price of the product
- For most of the remaining products listed above, it requires value of non-originating materials to not exceed 50-60% of the ex works price of the product
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