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BEIJING, May 11 (Xinhua) -- China and Switzerland have made "great progress" in the fifth round of bilateral1 talks on a possible Free Trade Agreement (FTA), the Ministry2 of Commerce said Friday.
During the May 8-10 talk, the two countries exchanged views on topics of tax cuts, service trade, rules of origin, sanitary3 and phytosanitary measures, technical trade barriers and intellectual property rights, reaching a series of agreements on the issues, the ministry said.
China and Switzerland formally launched bilateral FTA talks in January, with the aim of promoting economic development and closer ties between the two countries.
Trade between the two countries totaled 30.9 billion U.S. dollars in 2011, up 54 percent from a year earlier.
In the first quarter this year, bilateral trade reached 6.16 billion U.S. dollars, with China's imports from Switzerland hitting 5.38 billion U.S. dollars, mainly from trade of high-tech4 products, metal working machines, pharmaceuticals5 and watches.
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1 bilateral | |
adj.双方的,两边的,两侧的 | |
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2 ministry | |
n.(政府的)部;牧师 | |
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3 sanitary | |
adj.卫生方面的,卫生的,清洁的,卫生的 | |
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4 high-tech | |
adj.高科技的 | |
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5 pharmaceuticals | |
n.医药品;药物( pharmaceutical的名词复数 ) | |
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