Switzerland is accelerating efforts to deepen trade relations with China as negotiations with the United States over tariff relief remain unresolved. Facing record-high duties of 39% on exports to the U.S., the Swiss government is seeking alternative markets to stabilize its economy and reduce dependence on its Western allies.
During a meeting in Bellinzona on Friday, Swiss Foreign Minister Ignazio Cassis and Chinese Foreign Minister Wang Yi announced plans to fast-track the upgrade of their existing free-trade agreement. The two nations aim to expand cooperation beyond traditional goods, focusing instead on artificial intelligence, green technology, digital economy, finance, and trade in services, signaling a modernized framework for bilateral growth.
The move marks the fourth round of the Switzerland-China Strategic Dialogue, an ongoing platform designed to strengthen economic and diplomatic coordination. Both sides emphasized their shared interest in sustainable development and digital innovation as key pillars for the next phase of cooperation.
Switzerland’s pivot toward Beijing comes amid growing economic pressure at home. Since President Donald Trump’s administration imposed sweeping tariffs in August, Swiss exports to the U.S. have sharply declined, straining one of the nation’s most important trade relationships. Officials in Bern remain in talks with Washington to reduce tariffs, but progress has been slow.
Analysts say the new partnership with China could provide a crucial buffer for Switzerland’s export-driven economy. By diversifying its trade network, the Alpine nation hopes to balance geopolitical risk while maintaining its position as one of the world’s most open and competitive markets.