3 min read Last Updated : Mar 06 2024 | 11:30 PM IST India may give quota-based duty concession on gold imports from Switzerland under the proposed free trade agreement with the four European nation bloc EFTA, sources said. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland. ...
Category: Bussiness
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India mulls quota-based duty cuts on gold imports to Switzerland under EFTA
India is mulling giving quota-based duty concessions on gold imports from Switzerland under the proposed free trade agreement European Free Trade Association (EFTA) and has also sought an investment commitment of $50 billion in the first ten years after the implementation of the agreement and another $50 billion in the next five years, officials said.Iceland,...
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Switzerland’s financial watchdog needs more powers, global regulator says – SWI swissinfo.ch
Not enough teeth? Swiss financial regulator FINMA. KEYSTONE/© KEYSTONE / PETER KLAUNZER The Swiss financial watchdog FINMA should be given increased powers to make sure it would be able to deal with a failure of UBS if that scenario were ever to play out, a global regulator has said. This content was published on March...
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Chinese company takeovers in Europe fall to 12-year low – more investments in Switzerland
Decline from 139 to 119 transactions in 2023 – lowest level since 2012 Transaction volume also falls significantly from 4.3 to 2.0 billion US dollars Number of Chinese investments in Switzerland increases from three to six with a total volume of just under USD 200 million Zurich, 27 February 2024 – Chinese buyers are becoming...
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Acquittals in Kolmar Group defamation trial are a step towards justice
Reacting to a decision today by a Swiss court to reject criminal defamation charges and acquit the three authors of a report which alleged that Kolmar Group AG (Kolmar) may have violated international law by buying smuggled Libyan oil, Mark Dummett, Amnesty International’s Head of Business and Human Rights, said: “The court’s decision to acquit...
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SNB president says stronger Swiss franc painful for companies – SWI swissinfo.ch
Despite the pain for companies, Switzerland should nonetheless escape relatively unscathed, declared Swiss National Bank President Thomas Jordan on Tuesday. © Keystone / Anthony Anex A stronger franc has helped dampen inflation in Switzerland but has also been painful for domestic companies, according to Swiss National Bank President Thomas Jordan. This content was published on...
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India nears landmark $100 bn investment pact with Switzerland, Norway
India is on the brink of finalising a trade agreement that could potentially unleash a wave of investment worth $100 billion over 15 years from a select group of European nations. A Bloomberg report cited sources familiar with the negotiations who revealed that the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland, and Liechtenstein,...