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THE SWISS FEDERAL COUNCIL DECIDES TO ABOLISH CUSTOMS DUTIES ON INDUSTRIAL PRODUCTS FROM 01.01.2024

The measure strengthens the economic development of Switzerland.

An amendment to the Customs Tariff Act will abolish import duties for all industrial products in the Swiss Customs Tariff. At the same time, the complex customs tariff for industrial products will also be simplified. The measures will facilitate the import of industrial products and give companies access to cheaper inputs from abroad. They also strengthen the competitiveness of the Swiss economy in the inland and in exports. And last but not least, consumers benefit from lower prices for imported consumer goods.


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