Switzerland’s decision to suspend the Most Favoured Nation (MFN) treatment for India under the two countries’ 30-year-old double-taxation avoidance agreement (DTAA) from January 1 shows that as far as India is concerned, the more things change, the more they remain the same. Despite the rapid changes in the external environment, the difference in understanding or...
Tag: EFTA
Post
Post
India-Switzerland Tax Treaty Faces Renegotiation Amid Trade Developments | Business
The Indian government announced on Friday that it might need to renegotiate its double taxation treaty with Switzerland. This consideration comes in light of a recent trade agreement between India and the European Free Trade Association (EFTA) countries, which include Switzerland. The Ministry of External Affairs (MEA) spokesperson, Randhir Jaiswal, confirmed the likelihood of...
Post
Switzerland Withdraws MFN Status from India: What It Means for Indian Businesses – Industry News
Switzerland has decided to withdraw the Most Favoured Nation (MFN) status granted to India, a move that will have significant tax implications for Indian companies operating in the European nation. This decision comes after an adverse ruling from the Indian Supreme Court regarding a tax dispute involving Nestlé, the Swiss food giant headquartered in Vevey....
Post
Switzerland govt submits EFTA-India trade agreement to Parliament
3 min read Last Updated : Sep 05 2024 | 7:39 PM IST As a first step towards ratifying the India-EFTA (European Free Trade Association) trade deal that includes Switzerland, Iceland, Norway, and Liechtenstein, the Swiss government has submitted the ‘dispatch’ to its Parliament. “On 4 September, the Federal Council adopted a dispatch...
Post
Piyush Goyal to visit Switzerland to take forward EFTA commitments
New Delhi: Commerce and industry minister Piyush Goyal Wednesday said the four-member European nation bloc European Free Trade Association (EFTA) is keen to invest in India and the domestic industry should take advantage of that opportunity. Goyal, who is visiting Switzerland on Sunday to take forward the EFTA commitments, said that this $100 billion commitment...
Post
Swiss watch brands making time for India – ET Retail
Representative image GENEVA: Swiss watchmakers are increasingly turning their sights towards India thanks to a new free trade agreement that is due to gradually open the doors for luxury timepiece exports. While some brands are already in the starting blocks, others are waiting to see whether India will become a new land of plenty. “India...
Post
Numerous Swiss companies keen on investing in India: Helene Budliger
A number of companies from Switzerland including chocolate maker Barry Callebaut Group, and technology group Buhler are interested in investing in India, Swiss State Secretary for Economic Affairs Helene Budliger has said. Budliger said HESS Green Mobility intends to manufacture around 3,000 electric buses in India by 2025, equating to an investment of USD 110...
Post
India-European Free Trade Association deal | $100-billion investment target was breakthrough moment: Swiss official
Expressing confidence that the EFTA bloc of four countries Iceland, Liechtenstein, Norway and Switzerland would be able to reach the target set by the India-EFTA Free trade agreement of $100 bn investment and 1 million jobs, one of the deal’s top negotiators cautioned that investment would come from the private sectors, and governments could only...
Post
India-EFTA deal happened because both sides respected sensitivities: Swiss official
India and the European Free Trade Association (EFTA) bloc were able to stitch together a trade deal after negotiations spread over just a year because both sides respected each other’s sensitivities and aimed for a balanced agreement, a top Swiss official said on Sunday. Swiss state secretary for economic affairs Helene Budliger Artieda met commerce...
Post
EFTA Deal: India to link duty cuts with investments from companies of member nations
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. These nations have collectively pledged to invest $100 billion over a span of 15 years. The FTA is scheduled to...
Post
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,...