Import duty on cars, clothes and other products in Switzerland may be scrapped

Import duties on various products including cars, clothes, and household appliances are set to be removed in Switzerland. If parliament approves the plan, the measure will enter into force in 2022.

Economics Minister Guy Parmelin announced the plan after what the government described as a very positive consultation process with stakeholders.

The removal of the duties on a range of industrial products, which also includes bicycles and healthcare products, is part of a range of measures announced last year to tackle Switzerland’s unenviable status as a “high-price island”.

Consumers and businesses will directly benefit, the government said. It also expects that lost state tax receipts will be partly compensated by increased spending and commercial activity.

Via SwissInfo