China and Switzerland Sign FTA Upgrade Protocol, Over 99% of Bilateral Trade Products to Eventually Enjoy Zero Tariffs

China's Ministry of Commerce announced on November 5 that China and Switzerland signed an upgraded free trade agreement protocol in Beijing on October 30. After implementation, the two sides will achieve higher-level market access in goods, services, and investment, with zero-tariff products covering over 99% of bilateral trade. Swiss coffee, machine tools, and watches will gain broader access to China, while Chinese oilseeds, vegetable oil, and pet food will enjoy preferential tariffs in Switzerland. Both sides will also deepen cooperation in digital trade, competition, and trade and sustainable development.