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: European Free Trade Association
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Switzerland withdraws India’s ‘most favoured nation’ status: 2 key impacts
Switzerland has withdrawn the most Favoured Nation (MFN) status for India under their Double Taxation Avoidance Agreement (DTAA), effective January 2025. This move stems from a 2023 Indian Supreme Court ruling involving Nestlé, a Swiss multinational, which clarified that MFN benefits under the treaty are not automatically triggered without proper notification by Indian authorities. Let...
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India lures Swiss companies as $100 bn trade deal opens doors. Why more global firms are ditching China | Mint
Swiss companies such as the engineering group ABB and transport firm Kuehne Nagel are investing more in India. A $100 billion regional trade deal is expected to further open up the nation to businesses long geared towards China, Reuters reported on Monday, October 28. India’s appeal has reflected a broader shift among businesses in Europe...
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The Swiss are coming as $100 bn deal shifts focus from China to India
Investments in India by Swiss companies such as engineering group ABB and transport firm Kuehne+Nagel are on the rise, with a $100 billion regional trade deal expected to further open it up to businesses long geared towards China. India’s appeal has already reflected a broader shift among businesses in Europe eager to balance the costs...
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India friend of world; we expect it to help bring peace to Ukraine: Switzerland ahead of peace summit
New Delhi, India is a friend of the world and the global community expects it to contribute significantly in bringing peace to war-torn Ukraine, Swiss State Secretary of Foreign Affairs Alexandre Fasel said on Friday as Switzerland prepares to host a major summit next month to end the conflict in Ukraine. Fasel held wide-ranging talks...
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Parliamentary approval process for TEPA to be initiated immediately: Swiss govt
A mega trade deal between New Delhi and the four-nation European bloc EFTA will not only open up broad market access for Swiss businesses in India but is set to improve the legal framework and predictability for them, the Swiss government said on Sunday. The European Free Trade Association (EFTA) States — Iceland, Liechtenstein, Norway...
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Duty concession on gold imports from Switzerland under EFTA on table
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. ...