Switzerland is accelerating efforts to upgrade its free trade agreement with China amid stalled tariff discussions with the U.S.

Switzerland is reducing its reliance on the ￰0￱ the imposition of high tariffs on Swiss exports by the world’s largest ￰1￱ geopolitical tensions rising, the European nation is strengthening its ties to China and diversifying its ￰2￱ Swiss government is looking east for stability and diversification as it intensifies trade relations with China due to the record-high tariffs on exports imposed by the ￰3￱ to a joint statement issued on Friday, Swiss Foreign Minister Ignazio Cassis and his Chinese counterpart Wang Yi agreed to speed up the negotiations to upgrade the 2014 free trade agreement between their ￰4￱ announcement came after the fourth round of a strategic dialogue held in Bellinzona, a town in southern ￰5￱ looks to China as ￰6￱ remain strained The free trade agreement with China was the first such deal that China signed with a continental European ￰7￱ then, trade volumes between the two nations have grown substantially, with Switzerland exporting high-tech goods, pharmaceuticals, and luxury products while importing electronics and industrial ￰8￱ governments said that modernizing the decade-old pact will help make bilateral trade “more predictable and sustainable” while promoting a more open and balanced form of ￰9￱ Swiss economy has quickly felt the impact of the 39% tariffs imposed on exports by the United States in August, which is dependent on its advanced manufacturing and pharmaceutical ￰10￱ tensions between Switzerland and the ￰11￱ already affected the nation’s manufacturing and export ￰12￱ recent alignment with China comes as the Swiss government fails to make progress in negotiations with Washington over the tariff ￰13￱ Foreign Minister Cassis emphasized that cooperation with China does not come at the expense of relations with Western ￰14￱ stressed the need for “predictable and balanced” globalization, saying: “We are committed to engaging with all partners constructively.” Want your project in front of crypto’s top minds?

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