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Around a fifth of Swiss exports of goods currently go to the United States, customs data shows, making the country a more important market for Switzerland than Germany, China or France.
This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade.
The Switzerland–United Kingdom free trade agreement (SUKFTA) is a proposed free trade agreement which began negotiations on 15 May 2023. [1] The trade agreement would be the third FTA to cover Switzerland–UK trade , superseding the Switzerland–UK Trade Continuity Agreement, updating the deal to cover services and digital trade. [ 2 ]
The European Union Customs Union (EUCU), formally known as the Community Customs Union, is a customs union which consists of all the member states of the European Union (EU), Monaco, and the British Overseas Territory of Akrotiri and Dhekelia. Some detached territories of EU states do not participate in the customs union, usually as a result of ...
SR 631.0 – Customs Act 2005 2007 Regulates Swiss customs (incl. movement of goods and people) 63 Finance -Customs Zollgesetz, ZG Loi sur les douanes, LD Legge sulle dogane, LD SR 632.10 – Customs Tariff Act, CTA 1986 1988 Regulates Customs Tariffs: 63 Finance -Customs Zolltarifgesetz, ZTG Loi sur le tarif des douanes, LTaD
With their membership, Switzerland is able to calm any trade disputes with other countries through WTO. [9] Switzerland uses the Harmonized System to guide their trade policies, which was first implemented in 1988. Every product that is intended to be imported or exported requires an eight-digit tariff heading, given by the Harmonized System. [10]
A more critical commentator at Swiss economic magazine Handelszeitung stated in November 2018 that, despite the fact that 15% of Swiss non-agricultural exports go to the United States, the customs hurdles to reaching the US market are considerable: "Swiss [non-agricultural] companies had to hand over 300 million francs in customs duties to the ...
Customs Rulings Online Search System (CROSS), by U.S. Customs and Border Protection; Binding Tariff Information (BTI), by the European Commission; Informed compliance publications, by U.S. Customs and Border Protection; Classification Guides, by HM Revenue & Customs; Harmonized Tariff Schedule as the principal US page with updated info about ...