Free Trade Agreement

Switzerland and China agreed on renminbi swap agreement

On July 21 2014, the Swiss National Bank (SNB) and the People’s Bank of China (PBC) have signed a bilateral swap agreement. This swap agreement is an important step towards a renminbi trading hub in Switzerland.
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Free Trade Agreement Switzerland-China: Entering into force on 1 July 2014

The free Trade agreement between China and Switzerland that was signed on 6 July 2013 by the Chinese Minister of Commerce, Gao Hucheng, and the Swiss Federal Councilor, Johann Schneider-Ammann, will enter into force on 1 July 2014.
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Shipping activities of Swiss companies in China are subject to Chinese Business Tax/VAT

Revenues of Swiss shipping companies derived from activities in China are subject to Chinese Business Tax/VAT. Neither the current double tax treaty nor the new free trade agreement between Switzerland and China provide for an exemption from VAT. Switzerland intends to eliminate this disadvantage compared to other countries.
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Free Trade Agreement between Switzerland and China

On 6 July 2013, the Chinese Minister of Commerce, Gao Hucheng, and the Swiss Federal Councillor, Johann N. Schneider-Ammann, signed a Free Trade Agreement (FTA) between the two nations. As a result, Switzerland will become the first country in continental Europe to enter in such an agreement with China. The Free Trade Agreement covers areas of trade in goods and […]
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