Switzerland to Abolish Import Duties and Simplify Tariff Structure for Industrial Goods

• Switzerland will abolish import duties on nearly all industrial goods
• The move is aimed at reducing costs for consumers and businesses
• Import duty rates for most industrial products will be set to zero
• Exceptions exist for select agricultural goods
• The current tariff structure will be simplified
• Companies should review their customs classification codes
• Proof of preferential origin will no longer be required for goods retained or consumed within Switzerland
• Evidence will be required for goods intended for re-export or unchanged goods
• Businesses should prepare for these changes to benefit from them effectively
• Importers still need to declare imports and ensure accurate goods classification
• Weight-based duty will remain unchanged for unaffected products.

Source: elinkeu.clickdimensions.com

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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