Brief by Shorts91 Newsdesk / 07:34pm on 09 Jun 2025,Monday Business
India’s trade pact with EFTA may begin in September, Union Minister Piyush Goyal said. EFTA includes Iceland, Liechtenstein, Norway, and Switzerland. The deal, signed in March 2024, will cut or remove import duties on items like Swiss watches and chocolates. India will also get $100 billion in investment over 15 years. All four countries have approved the deal. In Switzerland, the public can raise objections until July 10. Once active, India will get duty-free access for 99% of its goods, including rice. The aim is to boost trade and investment between India and the four European countries. (PC: PTI)
