By  on May 27, 2013

PARIS — Swiss and Chinese authorities have signed a memorandum of agreement on trade conditions in the field of watchmaking, the Federation of the Swiss Watch Industry (FH) said on Monday.

The move coincided with the visit to Switzerland by Chinese Prime Minister Li Keqiang on May 24, and paves the way for the free trade agreement the two countries are expected to ink in the next few months.

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