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China-Switzerland Upgrade Free-Trade Deal, 99% Tariff-Free
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- China and Switzerland upgraded their free-trade agreement, expanding tariff-free coverage to more than 99% of trade value.
- Swiss President Guy Parmelin met Xi Jinping and said Swiss firms will increase investment in Chinese pharmaceuticals and machinery.
- Xi pledged Chinese collaboration with Switzerland in digital sectors, green-energy storage and artificial intelligence.
- China will gradually remove tariffs on Swiss coffee, machine tools and watches.