Article 3
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:
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1 January 1974,
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1 January 1975,
-
1 January 1976,
-
1 July 1977.