As of 1 January 2024, Switzerland will abolish its industrial tariffs on the import of industrial goods. This measure will apply to goods in chapters 27 to 97 of the Customs tariff, with the exception of some products in chapters 35 and 38 which are classified as agricultural products. Removing industrial tariffs will strengthen Switzerland’s position as a strong business and industrial location. The potential welfare gains are estimated at some CHF 860 million. Whereas…
Baker McKenzie’s InsightPlus published “Switzerland: ESG reporting and due diligence requirements — an update for Swiss companies” which can be viewed here.
REGISTER | CONTACT US | WEBSITE The webinar will begin at 08:00 am Chicago / 2:00 pm UK / 3:00 pm Madrid / 10:00 pm Hong Kong and is scheduled to run for up to 90 minutes. If you reside in a different time zone and wish to verify your time – please see timeanddate.com for the time in your location.We will use Zoom as the presenting platform for this webinar. To register, click on the Register button above and complete the form with your…
Baker McKenzie’s Sanctions & Export Controls Update Blog published “Switzerland announces additional Belarus sanctions,” which can be viewed here.
On March 31, 2021, the Swiss government amended the list of individuals in Annex 1 to the Ordinance on Measures against Myanmar/Burma. Eleven individuals responsible for the military coup staged in Myanmar on February 1, 2021, and the subsequent military and police repression against peaceful demonstrators, have been newly included. Ten of the eleven individuals targeted belong to the highest ranks of the Myanmar Armed Forces (Tatmadaw), including the Tatmadaw’s Commander-in-Chief, Min Aung Hlaing, and Deputy-Commander-in-Chief,…
On 11 December, the Swiss Federal Council extended sanctions against Belarus. Financial sanctions and travel bans were imposed on 15 individuals, including President Alexander Lukashenko. The new measures entered into force at 6pm on 11 December. The sanctions are in line with the decisions taken by the EU on 6 November 2020. The 15 persons newly added to the list in Annex 1 to the Ordinance on Measures against Belarus are alleged to be responsible…
On 24 June, the Swiss Government decided to impose coercive measures in response to the current situation in Nicaragua. Switzerland is therefore joining the European Union in imposing sanctions on Nicaragua due to ongoing violations against human rights, democracy and the rule of law. Our previous blog post on the EU’s recent imposition of sanctions is available here. The Swiss Federal Council has issued an Ordinance imposing financial and travel sanctions against six persons with ties…
I. U.S. SanctionsAs reported in our Client Alert dated November 27, 2013, the United States and its partners in the P5+1 (i.e., China, France, Germany, Russian, and the United Kingdom) reached an initial understanding with Iran on November 24, 2013, outlined in a Joint Plan of Action (“JPOA”), targeted at gaining commitments from Iran on enrichment reductions, non-proliferation, and inspections of its nuclear program. In return, the P5+1 nations agreed to a gradual, step-by-step suspension…
On 6 July 2013, the People’s Republic of China (“China”) and Switzerland signed a free trade agreement (the “FTA”) after nine rounds of negotiations. The FTA will improve mutual market access for goods and services, enhance legal security for the protection of intellectual property and bilateral economic exchange in general, and deepen bilateral cooperation. The FTA is expected to come into effect in 2014.The FTA has a comprehensive coverage and will improve market access for…
Join us for our 2013 Global International Trade Compliance Webinar Series. The focus this year will be on “Globalization of the Supply Chain: Trade Regulation and Developments.” We expect 2013 to an exciting year, with many developments on the trade regulation side. We will focus on WTO developments in Russia, trade agreements and what US trade policy will look like post-election. We will also conduct several webinar sessions that will focus on recent enforcement cases…