• Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 9/27/2013

Switzerland - Free trade agreements with Bosnia-Herzegovina, Costa Rica, Panama 

September 27: Representatives of the government of Switzerland and of the governments of Bosnia-Herzegovina, Costa Rica, and Panama earlier in 2013 signed free trade agreements.

Free trade agreement with Bosnia-Herzegovina

The Switzerland-Bosnia-Herzegovina free trade agreement applies to industrial goods, with provisions for the protection of intellectual property rights, commerce and sustainable development, trade facilitation, and competition.

Under the agreement:

  • Swiss entities are exempt from import duties on industrial goods.
  • Bosnia-Herzegovina will be eligible for reduced import duties after a transitional period of between two and four years (full relief from customs duties from 1 January 2017).

Costa Rica and Panama free trade agreements

These free trade agreements between Switzerland and the Central American countries apply to industrial products (including processed agricultural products and fish), services, and the protection of intellectual property rights and technical cooperation.

  • Entities in Switzerland are immediately exempt from import duties.
  • Entities in Panama and Costa Rica will be exempt from import duties either immediately or after five to 10 years, depending on the type of classification.

Read a September 2013 report [PDF 920 KB] prepared by the KPMG member firm in Switzerland: Bosnia-Herzegovina, Costa Rica and Panama become attractive trading partners after FTA

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