How Much Will Luxury Benefit From Swiss-China Trade Pact?
After Swiss watch exports to China suffered blows in the wake of the luxury crackdown, don't expect the recently signed Swiss-China free trade agreement to generate a lightning-fast recovery.
China agreed to cut import tariffs on Swiss watches by 60 percent in 10 years. (foeoc kannilc/Flickr)
China agreed to cut import tariffs on Swiss watches by 60 percent in 10 years. (foeoc kannilc/Flickr)