The India-EFTA free trade pact, effective October 1, commits USD 100 billion investment over 15 years and promises one million jobs. It cuts duties on Swiss goods while boosting Indian services access in Europe through Switzerland, Norway, Iceland, and Liechtenstein

New Delhi: The free trade agreement between India and the four-nation European bloc EFTA will come into force from Wednesday, under which New Delhi has received an investment commitment of USD 100 billion in 15 years from the group, while allowing several products such as Swiss watches, chocolates, and cut and polished diamonds at lower or zero duties.

The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024. Domestic customers will have access to

See Full Page