He continued: "We are entering a new era of relations between our two entities."  These figures speak for themselves: customs facilities work very well, as their legal basis is the customs agreement with the EU and numerous bilateral technical agreements with the EU`s four neighbouring Member States facilitating border control of goods. The most up-to-date information is available at: the EU trade agreement with Switzerland industrial products originating in the territory of both parties can be negotiated duty-free on the basis of the free trade agreement. In addition, the agreement prohibits the setting of restrictions on the volume of commercial products (quotas) as well as measures of equivalent effect (e.g. B discriminatory selling arrangements). The free trade agreement is one of the pillars of trade relations between Switzerland and the EU. In 2018, around 52% of Swiss exports went to the EU and 70% of Swiss imports came from the EU. Although it is too early to make a definitive assessment, the apparent impact of the CSFTA on trade between China and Switzerland has been, at best, modest. China and Switzerland act relatively little with each other. Their Mutual Trade Intensity Index, calculated by the World Bank WITS, shows that both have a mutual value of less than 100, meaning they do not perform well compared to their overall importance in world trade. While trade has increased since the agreement entered into force, it has been highly volatile and has been dominated by some key sectors (namely jewellery and pharmaceuticals). China attracted 7% of Swiss merchandise exports in 2019, up from 5.8% in 2013.
However, Swiss exports to China experienced the strongest growth just before the agreement (with an annual rate of 49% between 2010 and 2013); Export growth slowed immediately after it took effect to 3.1 percent per year in 2014-19. This unilateral approach opens the door to exceptions and allows for individual solutions in areas of vital interest to Switzerland. Overall, this ensures a level playing field for the Swiss economy in a wide range of the internal market, applying the entire trading system on the same basis. The tariff quotas in the Agreement have been specially adapted to the United Kingdom. . . .