New Delhi: Switzerland announced that it will suspend the most favoured nation (MFN) clause in its Double Tax Avoidance Agreement (DTAA) with India effective January 1, 2025, in a move that may raise the tax outgo on dividend income for Indian entities operating in the European country. The decision follows India’s Supreme Court ruling in...
Tag: Trade
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Switzerland’s Immigration Dilemma: Balancing Growth and EU Relations | Business
Switzerland is grappling with immigration challenges linked to its economic boom, powered by a low-tax business model that has strained political relations with the European Union. This issue, a major sticking point during previous negotiations, threatens to disrupt ongoing talks with the EU to update trade agreements, as Switzerland seeks to introduce measures...
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Switzerland Faces Trade Tensions: Trump’s Tariff Proposals Stir Concerns | Business
Switzerland expressed concern on Tuesday over U.S. President-elect Donald Trump’s tariff plans, announcing potential countermeasures if his administration implements them. Trump’s strategy aims to escalate trade tensions with a proposed 10% tariff on all imports and even higher taxes on goods from China. The Swiss economy, heavily reliant on exports to the U.S., could...
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EAM Jaishankar discusses trade, global issues with Swiss counterpart
S Jaishankar held wide-ranging discussions with his Swiss counterpart Ignazio Daniele Giovanni Cassis. (Photo: PTI) 3 min read Last Updated : Sep 14 2024 | 3:01 PM IST External Affairs Minister S Jaishankar held wide-ranging discussions with his Swiss counterpart Ignazio Daniele Giovanni Cassis on bilateral ties, with a focus on leveraging the trade...
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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...
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Hainan Free Trade Port deepens cooperation with Switzerland
HAIKOU, China, July 7, 2024 /PRNewswire/ — A report from Hainan International Media Center (HIMC): On July 4, the Hainan Free Trade Port Medical & Health Industry Exchange Meeting was held in Zurich, Switzerland. From July 4-6, a delegation from China’s southern Hainan Province held Hainan Free Trade Port (FTP) related promotion and exchange activities...
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Switzerland, in Partnership With the African Development Bank Group, Aims to Expand Opportunities for the Swiss Private Sector in Africa
The Swiss private sector would like to play a more substantial role in the African Development Bank’s operations in Africa. This desire was expressed during meeting between Bank senior management and the Swiss economic mission, spearheaded by Ivo Germann, Director of Foreign Economic Affairs at the State Secretariat for Economic Affairs (SECO). The Swiss delegation...