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<\/figure>\n\n\n\nA gateway enhanced global competitiveness<\/h4>\n\n\n\n
The abolition of industrial tariffs is anticipated to generate prosperity gains estimated at around CHF 860 million. Historically, these tariffs were used to protect the domestic industry from foreign competition. However, in today’s globalized economy, they have increasingly become a hindrance, inflating the cost of importing intermediate goods from abroad. The elimination of these tariffs, coupled with a simplification in administrative customs procedures, is expected to benefit Swiss companies by reducing input costs and production expenses. The overall result is an enhancement in the international competitiveness of the Swiss economy, which is deeply integrated into global value chains.<\/p>\n\n\n\n
Furthermore, the policy is set to positively impact consumers. Currently, import duties are levied on various consumer goods, including cars, bicycles, personal care products, household appliances, and clothing. With the lifting of these tariffs, sectors experiencing functioning competition are likely to pass on the savings to consumers, a development that will be closely monitored.<\/p>\n\n\n\n
In addition to tariff elimination, the reform includes a streamlined tariff structure for industrial products, further reducing administrative burdens. This holistic approach underlines Switzerland\u2019s commitment to fostering a more competitive and consumer-friendly economic environment.<\/p>\n\n\n\n