Switzerland to Abolish Import Duties and Simplify Tariff Structure to Boost Trade and Lower Costs

• Switzerland to abolish import duties on almost all industrial goods from 1 January 2024
• Two key changes: abolition of industrial tariffs and simplification of Swiss tariff structure
• Cars, clothing, footwear, chemicals, and plastics will no longer be subject to customs duties
• Reduction in the need for customs compliance
• Swiss tariff structure to be reduced from 9,114 to 7,511 tariff numbers
• Aim to lower costs of goods and services in Switzerland and minimize trade barriers

Source: rpc.co.uk

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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