The chemical industry became the largest beneficiary after the establishment of the china-switzerland free trade zone
The chemical industry became the largest beneficiary after the establishment of the china-switzerland free trade zone
By July 1 this year, the china-switzerland free trade agreement has been in effect for a year. As mainland China and European countries signed the first package of the fta, of the fta are of good quality and rich connotation, after signing of the promoting effect is remarkable, especially in the Swiss chemical trade in the industry. Industry insiders believe that the chemical industry is the biggest beneficiary after the establishment of the china-switzerland free trade area.
On June 30, the Swiss federal government website news announcement "of the fta milestone anniversary - foreign economic", the statement showed that of the fta to the current difficulties of Swiss export industry brings new opportunities and economic circles over the high attention. From July 2014 to May 2015, Switzerland's exports to China increased 3 percent, while imports from China rose 4 percent, more than the growth of Switzerland's foreign trade in other regions during the same period.
Switzerland is China's seventh largest trading partner in Europe and the sixth largest source of foreign investment. The zero-tariff rate of china-switzerland free trade agreement is very high. According to the agreement, Switzerland will impose zero tariff on 99.7% of China's exports, and China will finally implement zero tariff on 84.2 percent of its exports. If plus part of tax reduction products, Swiss participate in tax reduction product ratio is 99.99%, the Chinese side is 96.5%, according to the fta agreement and tax rates table in 2014, more than 25% of the chemical products have been implemented zero tariff, tax rate more than 90% of the medicine, chemical products than the most-favoured-nation treatment drop of more than 20%, a drop is higher than other industries.
The lower tariff provided the basis for the solid growth of the chemical products trade. In the year since the agreement was officially entered into force, the two sides have seen an obvious increase in import and export trade in fine chemicals, watches and watches and precision instruments, especially in fine chemicals. Participate in the dialogue 2015 BBS in guizhou enterprise representative said, after the agreement is the main benefit from products such as watches and clocks, chemical and mechanical and electrical products in the industry, is the largest proportion of chemical engineering or related products.
According to incomplete statistics, in the second half of 2014 China realize the Swiss exports of 90500 tons, rose 18.3% year-on-year, especially after the free trade agreement has been signed, within one month of August exports soared to 38600 tons, accounting for 42.7% of the total exports imports are influenced by the implementation of the preferential policy, are presented respectively. In the second half of 2014, China's imports from Switzerland amounted to us $18.06 billion, with 1.14 million tons of imports, up 7.5% year-on-year and 5.56% respectively.
Among them, chemical export performance is particularly outstanding. In the second half of 2014, the export volume of fine chemical products accounted for more than 80% of the total export volume, and there was a good situation of simultaneous improvement of the volume price. Chemical exports in the first half of 2015, showing a good momentum of rebound in prices, chemical engineering or related products exports of 40000 tons, fell 6% year on year, but exports year-on-year growth, that is to say, the unit chemical products prices have soared, downturn in the domestic chemical industry market environment, more show great potential for rui chemical exports.
According to statistics, between July 2014 and June 2015, the trade volume of chemical exports accounted for more than 70 percent of China's total exports to Switzerland and showed a steady growth.
Of the fta is not only to reduce the cost of enterprise to carry out trade and investment cooperation, but also provides a better legal protection for the two countries enterprises, to avoid the occurrence of this chemical dumping of events occurring in recent years, for the healthy development of chemical industry import and export trade has laid a solid foundation. Domestic exporters a chemical trade, said of the signing of the fta's effect is mainly manifested in the demonstration effect of amplification, continues to grow steadily, strengthening benefit such as good for the future of chemical trade between sustainable development provides the basis. In the future, chemical related industries are expected to continue to be the biggest beneficiaries of the trade, said the head of a chemical import and export company in jiangsu province.
