This paper considers the effects of trade policy-tariffs and quotas-when importing is done by competitive traders who … conventional ranking of tariffs and quotas is turned on its head: quotas are not as bad for welfare as previously believed, while … tariffs may restrict trade by more than originally intended. Furthermore, the allocation of property rights (quota licenses …

On 1 January 2024, Switzerland will implement a major trade policy reform by autonomously eliminating all tariffs on … elimination of industrial tariffs will reduce the net fiscal burden on imports by around CHF 600 million per year. In addition …