Mon, May 27, 2013 - Page 15 News List

PRC trade deal welcomed by Swiss

AFP, BERN

“Emerging markets such as China are attractive because there’s a huge variety of activities ongoing at the same time,” said Riccardo Moretto of Zurich Insurance Group.

“Populations are large and demographics are favorable, with a high proportion of young people. There is also growing GDP,” he said.

During his Swiss visit, Li underlined that the Swiss FTA was the first with one of the globe’s 20 leading economies.

China signed its first European FTA last month with non-EU Iceland, and Beijing has been pressing the EU for a similar accord.

Despite the China-EU spats, Brussels said on Thursday that it aimed to negotiate an investment protection agreement with Beijing, which would be the first step on the FTA path.

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