According to Legal Daily, starting from 2024, Switzerland will no longer impose tariffs on imported industrial products. This provision does not apply to fishery and agricultural products, and tariffs will continue to be imposed on these two types of products and goods. The Swiss government hopes to strengthen Switzerland's competitiveness and promote trade by eliminating industrial tariffs and simplifying customs administrative procedures.
Switzerland is considered a high-priced country with relatively few industries, which is why manufacturing companies and consumers tend to order industrial and consumer goods from abroad. The original intention of implementing tariffs is to protect the domestic economy, but the actual situation is that tariffs have caused certain obstacles to international trade and also brought heavy administrative burdens.
However, the elimination of tariffs on industrial products does not mean the automatic cancellation of customs clearance procedures. Exports of goods to Switzerland still require submission of import customs declarations. Since the general clearance procedures of Swiss Customs will not change, online retailers shipping to Switzerland still cannot save money on administrative costs. From a financial point of view, the beneficiaries of the elimination of industrial product tariffs are mainly consumers. But the positive implication is that the new rules will make foreign retailers more attractive to Swiss consumers. Therefore, this new regulation is generally a great benefit to cross-border retail.