Minister Bo Xilai met with Swiss Federal Councilor and Minister of Economics Doris Leuthard on July 8 in Beijing. They exchanged views on subjects concerning bilateral trade and economic development.
After the meeting, the two sides signed the Joint Declaration of Chinese Ministry of Commerce and Swiss Ministry of Economics. Switzerland recognized the full market economy status of China, and the two sides agreed to contribute to the assessment and research of China-Switzerland free trade zone.
Bo appreciated the comments from the Swiss side. Switzerland’s attitude showed their objective and unbiased view on Chinese market economy, and thus laid a firmer foundation and created a fairer environment for the further development of China-Switzerland economic ties. It also gave the Chinese economic world more impetus to cooperate with Swiss enterprises.
Bo encouraged Swiss companies to participate in the rejuvenation of traditional industrial sites in northeastern China, and in the development of the central and western regions. Bo explained that China had noticed Swiss government and business’s attention on China-Switzerland free trade zone, and that the two sides could conduct research and assessment concerning the problem and work toward the same goal of establishing the free trade zone.
Doris Leuthard said that Swiss government and enterprises attached much importance to economic cooperation with China and were fully confident about the prospect of Chinese economy. It was based on the perception of its promising economic reality that Switzerland recognized China’s full market economy status, Doris Leuthard said, and such an attitude would be beneficial to the two countries.
The two sides also signed Memorandum of Understanding on Establishing China-Switzerland Joint Committee Intellectual Property Team.