China trade accord with Swiss bucks wider trend towards protectionism

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ZURICH, Oct 30 – When Chinese President Xi Jinping meets his Swiss counterpart, Guy Parmelin, on Friday, the two will be marking one of the most favourable trade deals Beijing has granted a European country, bucking a broader global shift towards protectionism. Xi and Parmelin are due to sign the upgraded trade accord in Beijing that gives Switzerland unusually free access to China and contrasts with barriers to trade put up not only by the US administration but also, increasingly, the European Union. Chinese and Swiss officials announced their deal in August, a year after US President Donald Trump saddled…

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