As of 1 January 2024, Switzerland will abolish its industrial tariffs on the import of industrial goods. This measure will apply to goods in chapters 27 to 97 of the Customs tariff, with the exception of some products in chapters 35 and 38 which are classified as agricultural products. Removing industrial tariffs will strengthen Switzerland’s position as a strong business and industrial location. The potential welfare gains are estimated at some CHF 860 million. Whereas…
Baker McKenzie’s International Commercial & Trade Blog published “United Kingdom: Update on the UK Trade Remedies Regime”, which can be viewed here.
On 6 July 2013, the People’s Republic of China (“China”) and Switzerland signed a free trade agreement (the “FTA”) after nine rounds of negotiations. The FTA will improve mutual market access for goods and services, enhance legal security for the protection of intellectual property and bilateral economic exchange in general, and deepen bilateral cooperation. The FTA is expected to come into effect in 2014.The FTA has a comprehensive coverage and will improve market access for…