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Swiss lawmakers agree on China trade framework

Both Swiss parliamentary chambers have agreed on the wording of legislation to control foreign investments in Switzerland, particularly Chinese. +Get the most important news from Switzerland in your inbox The House of Representatives has followed theSenate, which spoke out in favour of limiting the law. For example, the law will now not apply if a company takeover would jeopardise security or the supply of essential goods and services in Switzerland. The law is only intended to prevent takeovers that jeopardise public order or security. + Swiss want more China trade despite US tensions In 2020, parliament instructed the govenment to draw up a law to scrutinise foreign investments. This was triggered by the takeover of Swiss agrochemical giant Syngenta by state-owned Chem China, among other things. Since then, many have feared that China could also take over security-relevant companies and infrastructure in the future. Translated from German by DeepL/mga How we work We select the ... Full story here Are you the author?
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