- Trade key to prosperity in Switzerland via Rhine River
- Relies on large quantities of imported raw materials for industry
- Exports mostly machinery, chemicals, cars, metals; agricultural products and textiles
- EU largest trading partner accounting for 79% of imports
- Import prices heavily affected by exchange rates
- It takes five documents and nine days to import a standardized shipment of goods.
- Import duties are generally low at under 3% for most raw materials and industrial
- Duties are specific--based on weight, rather than value
- 90% of its imports from WTO member countries, extends MFN tariff treatment
- Information Technology Agreement under WTO eliminating tariffs on IT products
- Preferential duties for development countries
- Imports of agricultural products higher import duties, supplementary duties, and tariff-rate quotas.
Licensing
- Import licenses are required for certain products not subject to quotas.
Non-Tariff Barriers
- Non-Tariff barriers are more common in Switzerland than in EU
- Permits legally manufactured EU products to circulate freely
- Lifted ban on parallel imports--patent protected goods