Key Points
India and the members of the European Free Trade Association (EFTA)Iceland, Liechtenstein, Norway, and Switzerlandsigned a historic $100 billion free trade pact on Sunday, under which Indian workers will enjoy relaxed visa requirements...
As part of the trade and economic partnership agreement, which will kick in after a few months, countries such as Switzerland have offered to open up over 120 of 156 services, including audit and accounting, legal, IT and healthcare for Indian companies, with easier visa rules allowed for workers and professionals from the country...
In an interview with TOI, Swiss state secretary for economic affairs Helene Budliger Artieda said, it is all about creating legal services...
Meanwhile, under the new pact, domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties on these goods over a period of time...
According to an analysis of the TEPA documents by economic think tank Global Trade Research Initiative (GTRI), India has allowed tariff concession to a number of products imported from Switzerland under the agreement...
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