Switzerland Strikes Trade Deal With China

China and Switzerland announced this week that the two countries have struck a trade deal which is expected to benefit the Swiss watch industry. Mr. Gao Hucheng, Chinese Minister of Commerce, and Johann Schneider Ammann, Head of Swiss Federal Department of Economic Affairs, signed a MOU on Completing Sino-Swiss FTA Negotiations in Bern, Switzerland on May 24 under the witness of Chinese Premier Li Keqiang and President of the Swiss Confederation Ueli Maurer.

The Sino-Swiss FTA negotiations have taken over two years to complete, with the two sides reaching consensus only after nine rounds of negotiations since 2011. Both sides agreed that they will launch domestic approval procedures immediately in order to sign and implement Sino-Swiss FTA as soon as possible and benefit the people of both countries.

With a growing demand for luxury goods, China has become one of the most important markets for the Swiss watch industry.

Adrienne Faurote

Haute Time

As a former New Yorker, now a “Miamian,” Adrienne Faurote joined Haute Living in August of 2021. She currently serves as the Haute Media Group Editor-in-Chief, overseeing all editorial platforms within the Haute Media Group while also maintaining her role as Fashion, Jewelry & Watch Director. Prior to her position at Haute Living, Faurote was the Market Editor at Marie Claire Magazine US, amassing over ten years in the industry, becoming an authoritative voice in all things fashion, jewelry, and watches.