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China, Switzerland agree to begin feasibility study on free trade zone
Source: Xinhua 2009-01-28 14:42:47
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China and Switzerland decided on Tuesday to begin a joint feasibility study on creating a bilateral free trade zone in the second half of this year as part of their efforts to tackle the challenges of the global financial crisis.

During talks in the Swiss capital, visiting Chinese Premier Wen Jiabao and President of the Swiss Confederation Hans-Rudolf Merz exchanged views and briefed each other on the policies and measures China and Switzerland have taken regarding the crisis.

The two leaders agreed that it was an urgent task for the two countries to work more closely together to tide over the difficulties.

The feasibility study on a free trade zone was one of the measures the two nations agreed to take. Other measures included deepening financial cooperation, expanding trade and investment, opposing trade protectionism, and promoting reform of the international financial system.

China and Switzerland will also boost joint work in technology, energy, environmental protection, as well as in the medical and cultural sectors.

The Chinese premier, who arrived here earlier in the day for an official visit to Switzerland, said during the talks with Merz that the political mutual trust between China and Switzerland had been deepened and bilateral cooperation had been fruitful since the two nations set up diplomatic ties 59 years ago.