Key Points
India is set to tie duty reductions associated with the trade agreement with the European Free Trade Association (EFTA) to investments made by companies from member nations, including Switzerland, Norway, Iceland, and Liechtenstein, reported TOI...
In 2023, the talks resumed as India intensified its trade interactions with various nations, including the UK, European Union, Mauritius, Australia, UAE, and Canada...
Regarding the reduction of tariffs on gold, a significant demand from the trading bloc, particularly Switzerland, India will lower the bound rate from 40 per cent to 39 per cent, while maintaining the effective duty at 15 per cent, the TOI report said, citing an official...
It will showcase Indias firm commitment to trade liberalisation in the time when whole world is turning protectionist, TOI quoted think tank GTRI as saying, while cautioning against limited gains on goods exports for India...
It further stated, In services sector, the agreement aims to open up sectors like IT, finance, tourism, and education, allowing Indian and EFTA service providers to operate in each others markets with fewer restrictions..
You might be interested in
EFTA deal: Tariff cuts to be linked to investment by companies
09, Mar, 24India will link duty cuts under the trade deal with the European Free Trade Association (EFTA) with investment by companies from the member nations — Switzerland, Norway, Iceland, and Liechtenstein — which have together vowed to invest $100 billion over 15 years.
India-EU have political will to conclude FTA: Secretary General
22, Feb, 24India and the European Union are making progress in the Free Trade Agreement (FTA) negotiations, with a focus on investment protection and geographical indications. The complex FTA is unlikely to be concluded before the general elections in India and the European Parliament polls. The defence sector cooperation, including cyber security, is also being discussed.
India-UK FTA negotiations: Broad consensus reached on most issues, barring three
28, Jul, 23The countries have reached agreement on the contentious issue of goods trade in whiskey and automobiles
Will have great FTA with India, negotiations going well: UK MP Baroness Verma
15, Apr, 23Baroness Verma told ANI, I think first of all my expectations are we're going to have a great FTA and I think it's a very complicated, complex agreement. And we can't expect things that are so complicated and so complex to be done overnight. But I know from all the conversations we've had, that everybody is working incredibly hard on all of the negotiations, and it's going well.
India, Canada political row not to impact proposed free trade pact: Experts
26, Sep, 23The talks for a free trade agreement (FTA) between India and Canada may have taken a pause but will resume once the political row between the two countries is resolved as the pact has economic benefits for both the nations, trade experts and exporters said on Friday.
‘Need for India, China to increase cooperation on…’: SBI report on the way forward for BRICS+6
29, Aug, 23BRICS+6 nations: Strong partnership on innovation and digital economy can spur growth, promote transparency and support sustainable development goals, SBI added in a report.
Govt nod to hike in wage of Coal India non-executive employees
26, Jun, 23Kolkata, Jun 24 (PTI) The Coal Ministry has said it approved a wage revision agreement that was reached with trade unions for non-executive employees of Coal India Limited. The agreement provides for a 19 per cent of minimum guaranteed benefit from July 1, 2021, on emoluments – basic, Variable Dearness Allowance (VDA), Special Dearness Allowance […]
Goyal, Ng co-chair 6th Canada-India dialogue on trade, investment
09, May, 23Union commerce and industry minister Piyush Goyal and his Canadian counterpart, Mary Ng, discussed an Early Progress Trade Agreement (EPTA) between the two countries | Latest News India
India's $100 bn trade pact with EFTA has a lot for Indians wanting to work in Europe
12, Mar, 24India and the European Free Trade Association (EFTA) members— Iceland, Liechtenstein, Norway, and Switzerland—signed a groundbreaking $100 billion free trade pact, set to commence in a few months. This agreement encompasses the opening up of over 120 services by Switzerland, including audit, legal, IT, and healthcare, benefiting Indian companies with relaxed visa regulations for workers and professionals.
India and EFTA set to ink key trade pact
08, Mar, 24India and the European Free Trade Association (EFTA) group of nations- Iceland, Liechtenstein, Norway and Switzerland – are set to sign FTA. | Latest News India