Rui Fang Will Impose Zero Tariffs On China's 99.7% Export Products And Export Domestic Sewing Machines Well.

Recently, the Ministry of industry and information technology was informed that China and Swiss Confederation formally signed the free trade agreement between People's Republic of China and Swiss Confederation recently. Rui Fang will immediately implement 99.7% of China's exports. Zero tariff This will reduce the export cost of domestic sewing machines and enhance the international competitiveness of our products.

In July 6th, the free trade agreement between People's Republic of China and Swiss Confederation was officially signed. This is the first free trade agreement reached between China and the 20 largest economies in the European continent and the world. It is one of the highest and most comprehensive FTA reached by China in recent years.

According to the agreement, after the entry into force of the Sino Swiss FTA, Rui Fang will immediately impose zero tariffs on 99.7% of China's exports. The Chinese side will finally implement zero tariff on the export of Rui Fang 84.2% (of which 67% will immediately impose zero tariffs on the date of the effective date of the agreement, and the other 17% will achieve zero tariff level in 5 to 15 years). For instance, with the addition of some tax reduction products, the proportion of products that Switzerland participates in tax reduction is 99.99%, and the Chinese side is 96.5%, which is much higher than the 90% tax reduction level in the general international free trade agreement.

The reporter learned from the China Sewing Machinery Association that at present, China exports Switzerland's sewing machinery products exports. Industrial sewing machine Fewer products, mainly domestic sewing machines (including multi-functional sewing machines), the annual export volume of about 26 thousand units, and 73% of the export volume for processing trade.

According to the analysis of the impact of the agreement on China's sewing machinery industry, the completion of the Sino Swiss free trade zone will reduce the export cost of domestic sewing machine products, and at the same time, it is expected to enhance the international competitiveness of other home-made sewing machine products.

Li Guanghui, chairman of Xi'an standard industrial Limited by Share Ltd and chairman of Li Jinning, chairman of Fu Yi group, said in an interview with reporters that the signing of the FTA is good news for China and Switzerland, which is good for China's light industry. Spin clothing The export of finished products to Switzerland will also greatly enhance the international competitiveness of domestic sewing machinery products in the international market, especially in the European market.

Li Jinning introduced: "Fu Yi Group's business in the Swiss market is the simulation floppy drive, mainly for the Swiss local old electromechanical integration industrial equipment to update and enhance technology. At present, the sales of Fu Yi's analog floppy drive products in Switzerland is about $20 thousand a year.

But at the same time, frankly speaking, according to the relevant data, the sewing machinery products exported to the Swiss market are mostly domestic sewing machines or multi-functional household sewing machines, and the quality of the sewing machines is quite high, which is very popular with local consumers. However, the domestic industrial sewing equipment needs to go through a certain stage of development to enter the Swiss market in a comprehensive way. There are many jobs to be done ahead of time.