Saturday , November 23 2024
Home / SNB & CHF / China tops export destination ranking for Swiss SMEs

China tops export destination ranking for Swiss SMEs

Summary:
Switzerland has a free trade agreement with China since 2014 (Keystone) - Click to enlarge A study commissioned by Switzerland Global Enterprise (SGE) indicates that China is the most attractive export destination for Swiss small and medium enterprises (SMEs). A total of 107 countries were evaluated using a set of 15 criteria that included market size, market potential, export volume and average market growth in recent years. China’s GDP of .2 trillion (CHF11.05 trillion) in 2016 with a growth rate of over 6% makes it a very significant market. A free trade agreement with Switzerland that came into effect in 2014, offers certain advantages to Swiss companies. “Customs duties for a number of sectors have

Topics:
Swissinfo considers the following as important: , , ,

This could be interesting, too:

Eamonn Sheridan writes CHF traders note – Two Swiss National Bank speakers due Thursday, November 21

Charles Hugh Smith writes How Do We Fix the Collapse of Quality?

Marc Chandler writes Sterling and Gilts Pressed Lower by Firmer CPI

Michael Lebowitz writes Trump Tariffs Are Inflationary Claim The Experts

China tops export destination ranking for Swiss SMEs

Switzerland has a free trade agreement with China since 2014 (Keystone) - Click to enlarge

A study commissioned by Switzerland Global Enterprise (SGE) indicates that China is the most attractive export destination for Swiss small and medium enterprises (SMEs).

A total of 107 countries were evaluated using a set of 15 criteria that included market size, market potential, export volume and average market growth in recent years. China’s GDP of $11.2 trillion (CHF11.05 trillion) in 2016 with a growth rate of over 6% makes it a very significant market. A free trade agreement with Switzerland that came into effect in 2014, offers certain advantages to Swiss companies.

“Customs duties for a number of sectors have already been reduced or even abolished by the agreement. This gives Swiss companies a price advantage over European competitors, for example,” said Alberto Silini, head of consulting at SGE.

Besides China, the US, South Korea, Singapore and the UK made it into the top five. United Arab Emirates, Canada, Poland, Japan and Germany completed the top 10. The SGE study also ranked export destinations by region. The ASEAN region (Philippines, Indonesia, Vietnam, Singapore, Malaysia, Myanmar, Laos, Thailand, Brunei, Cambodia) ranked first followed by the Gulf States (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) and the Benelux countries (Belgium, Netherlands, Luxembourg).

 

Tags: ,,
About Swissinfo
Swissinfo
SWI swissinfo.ch – the international service of the Swiss Broadcasting Corporation (SBC). Since 1999, swissinfo.ch has fulfilled the federal government’s mandate to distribute information about Switzerland internationally, supplementing the online offerings of the radio and television stations of the SBC. Today, the international service is directed above all at an international audience interested in Switzerland, as well as at Swiss citizens living abroad.

Leave a Reply

Your email address will not be published. Required fields are marked *