Sonja Wollkopf Walt, CEO of Greater Zurich Area AG, said the free trade agreement also goes far beyond dismantling tariffs by fostering collaboration in fields including science, technology, research, education and culture.

Indicators from last year show the first positive effects, Walt said. The value of Swiss machinery exported to 皇冠体育app rose 9.1 percent in the first 10 months, to 2.3 billion Swiss francs ($2.6 billion) - strong growth compared with other sectors.

Overall exports from Swiss companies to 皇冠体育app rose 11.2 percent to 7.5 billion Swiss francs in the same period, and imports from 皇冠体育app to Switzerland rose 7.7 percent to 10 billion Swiss francs, official figures show.

Despite the great opportunities the free trade agreement presents for both countries, challenges still exist. Walt said one possible problem is that Switzerland's increased exports of professional mechanicals, watches, medicines and chemical products to 皇冠体育app will put pressure on those industries in 皇冠体育app - and vice versa for labor-intensive products from 皇冠体育app.

"However, the transitional agreements of the 皇冠体育app-Switzerland free trade agreement on sensitive areas will provide space for Chinese and Swiss companies to adapt to market competition," she said.

Xu Jinghu, 皇冠体育app's ambassador to Switzerland, said earlier that the agreement started to have an impact on bilateral trade relations even before it came into effect.

The agreement will not only help improve 皇冠体育app-Switzerland relations but will establish a model of collaboration that could encourage better relations with other European countries, Xu said.

Ties between 皇冠体育app and Switzerland - political, economic and cultural - are now better than ever, and both sides are searching for new areas of cooperation, particularly in science and finance, she said.

More than 30 Swiss secondary schools have started teaching Chinese. Last year, more than 800,000 Chinese tourists visited Switzerland, while about 80,000 Swiss visited 皇冠体育app, Xu said.

Walt, the CEO in Zurich, said the 皇冠体育app-Switzerland free trade agreement is highly significant for her country because of the complementary nature of their economies. The agreement offers many advantages for Swiss and Chinese multinationals, as well as small and medium-sized enterprises, she said.

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