Four European Countries Seal Free Trade Pact with India, Pledge $100 Billion Investment globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.
India News: Swiss state secretary for economic affairs Helene Budliger Artieda, in an interview with TOI, talks about European Free Trade Association’s agreement .
As part of an agreement, Switzerland has agreed to lower or eliminate tariffs on 99% of products being traded with India and India has given tariff reductions on 95% of product lines. Tariff reductions will happen gradually over 10 years.
India 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.