Under the free trade agreement, about 99.7% of Chinese exports to Switzerland will be zero tariffs and the free share of tariffs on Swiss exports to China is 84.2%. Trade and investment flows into Asia have increased significantly over the past decade, a trend that has accelerated amid wrangling between the United States and China, where the two superpowers have imposed billions of tariffs on each other`s exports. China`s free trade agreements include Hong Kong and Macao, with the Hong Kong version known as the Closer Economic Partnership Agreement (CEPA), whose regular updates on its benefits, which we have long talked about on China Briefing. The CEPA agreement between China and Hong Kong offers many advantages to foreign investors who create local businesses in Hong Kong, which reduce (after a qualification phase) the source taxes and dividends on funds that are re-injected from the mainland to the territory. Macau offers similar benefits and especially in the services sector and the financial sector – extremely useful given Macau`s evolution towards an important tourist and casino destination. For more information or to contact the company, please email email@example.com, see www.dezshira.com or download the company brochure. Knowledge of China`s ASEAN free trade agreement is critical when it comes to addressing the growing problems of wage costs. The China-ASEAN Free Trade Area (FTA) was completed on 1 January 2010 and since then China has become ASEAN`s largest trading partner, while ASEAN has become China`s third largest trading partner. In 2002, when CAFTA had just been established, the volume of bilateral trade was $54.8 billion. In 2014, the volume of bilateral trade increased to $480.4 billion, and increased ninefold in 12 years, with annual growth of 20%. Switzerland (which has a customs union with Liechtenstein, which is sometimes included in agreements) has bilateral agreements with the following countries and blocs: Chinese leaders and 14 other countries in the Asia-Pacific region have signed one of the largest free trade agreements in history, which includes 2.2 billion people and 30% of world economic output. However, the most important free trade agreement that China has negotiated so far is with ASEAN. With the ASEAN bloc, which included Asian tigers from Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, as well as smaller regional players such as Brunei, Cambodia, Laos and Myanmar, this unique agreement alters the development of Chinese and ASEAN production.
Many Chinese commentators have focused on increasing the cost of labour in China and have seen how many Chinese companies are now facing rising wages.