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Switzerland hopes to seal updated trade deal with China early next year

  • On Friday, Swiss Foreign Minister Ignazio Cassis said Switzerland hopes to seal an updated free trade agreement with China in early 2026 after consensus at the fourth round of the China‑Switzerland Foreign Ministers' Strategic Dialogue in Bellinzona.
  • Facing tariff pressure, Switzerland seeks to update the 2014 China‑Switzerland free trade agreement after U.S. tariffs of 39% on Swiss products including watches and pharmaceuticals.
  • Negotiators outlined expanded cooperation in artificial intelligence, green development, and the digital economy while officials said the upgrade would increase zero-tariff products, benefiting businesses and consumers.
  • They pledged to enhance people-to-people exchanges and education cooperation while China extended its visa-free policy for Swiss citizens to bolster public support for ties.
  • Amid wider EFTA activity, last year’s deals with India and Mercosur covering 95% of Swiss exports boost momentum ahead of the 10th anniversary of Switzerland-China partnership in 2026.
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U.S. News broke the news in New York, United States on Friday, October 10, 2025.
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