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Regulation (EEC) No 2840/72 of the Council of 19 December 1972 concluding an Agreement between the European Economic Community and the Swiss Confederation and adopting provisions for its implementation and concluding an additional Agreement concerning the validity, for the Principality of Liechtenstein, of the Agreement between the European Economic Community and the Swiss Confederation of 22 July 1972

article  3

CELEX:  31972R2840

1. No new customs duty on imports shall be introduced in trade between the Community and Switzerland.
2. Customs duties on imports shall be progressively abolished in accordance with the following timetable:
(a) on 1 April 1973 each duty shall be reduced to 80 % of the basic duty;
(b) four further reductions of 20 % each shall be made on: 1 January 1974, 1 January 1975, 1 January 1976, 1 July 1977.