Switzerland, EFTA nations to invest USD 100 Billion in India over 15 Years says Consul General of Switzerland
1 month ago

Switzerland, EFTA nations to invest USD 100 Billion in India over 15 Years says Consul General of Switzerland

Live Mint  

Bhopal, February 24 : Switzerland and other European Free Trade Association nations, including Iceland, Liechtenstein, and Norway, are set to invest USD 100 billion in India over the next 15 years, according to Martin U Maier, Consul General of Switzerland in Mumbai. Speaking exclusively to ANI on the sidelines of the Global Investors Summit in Bhopal, Maier highlighted that the commitment is part of the recently signed Trade and Economic Partnership Agreement between India and EFTA nations. He said,"Switzerland, together with the other EFTA countries, Iceland, Liechtenstein, Norway, signed a free trade agreement, the Trade and Economic Partnership Agreement with India and one of the chapters contains a USD 100 billion US dollar investment in the coming 15 years". When asked about the potential impact of the reciprocal tariffs by former U.S. President Donald Trump on different countries, including India and Switzerland, Maier acknowledged the global implications of such measures.

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History of this topic

India, EU discuss efforts to accelerate FTA talks
3 weeks, 4 days ago

India, EU discuss efforts to accelerate FTA talks

The Hindu  

With India and the European Union setting the year-end deadline to conclude a free trade agreement, teams from both sides held discussions on Saturday to accelerate efforts towards a balanced and mutually beneficial pact. On February 28, Prime Minister Narendra Modi and European Commission President Ursula von der Leyen agreed to seal a much-awaited free trade deal by this year …

India, EFTA states launch new body to facilitate $100 billion investments
1 month, 2 weeks ago

India, EFTA states launch new body to facilitate $100 billion investments

Hindustan Times  

NEW DELHI: India and the European Free Trade Association, which comprises Iceland, Liechtenstein, Norway and Switzerland, on Monday launched a new body that will facilitate investments of $100 billion envisaged under a trade deal signed last year. Piyush Goyal said significant steps have been taken to ratify the TEPA and it was expected to be operationalised in the later part …

India sets up EFTA desk to promote trade, investment, business facilitation
1 month, 2 weeks ago

India sets up EFTA desk to promote trade, investment, business facilitation

The Hindu  

India is setting up a dedicated platform — EFTA desk — to promote trade, investment, and business facilitation between the two regions, an official statement said on Monday. India and the four European nations EFTA bloc signed a free trade agreement on March 10 last year to boost trade and investment ties. It will be inaugurated by Commerce and Industry …

Dedicated desk set up at Invest Telangana to attract more investments from EFTA nations
2 months ago

Dedicated desk set up at Invest Telangana to attract more investments from EFTA nations

The Hindu  

Telangana government has set up a dedicated desk in the Invest Telangana cell to serve as a single window for firms from Switzerland and other EFTA countries planning to invest in India. IT and Industries Minister D.Sridhar Babu announced the opening of the dedicated desk at a TEPA Investment event organised by Confederation Suisse and Switzerland Innovation in Zurich on …

Switzerland suspends ‘most favoured nation’ status to India, cites SC's Nestle case ruling
3 months, 1 week ago

Switzerland suspends ‘most favoured nation’ status to India, cites SC's Nestle case ruling

Hindustan Times  

Dividends of Indian entities will be taxed at 10% in Switzerland from January 1 as the European nation has suspended the most favoured nation clause in its Double Taxation Avoidance Agreement with India. REUTERS/Denis Balibouse In a December 11 statement, the Swiss finance department said the move follows a ruling by Supreme Court of India last year that the MFN …

Swiss Investment Giant Sees Big Potential in India as Trade Deal Gets Final Approval
4 months, 3 weeks ago

Swiss Investment Giant Sees Big Potential in India as Trade Deal Gets Final Approval

Firstpost  

Swiss company TEPA has signed a deal with the European Free Trade Association (EFTA) to invest $100 billion in India. The deal will reduce tariffs on 94.7 per cent of exports to zero from an average of 22 per cent now, giving Swiss companies an edge over counterparts in the European Union and Britain, which are still negotiating agreements with …

The India-EFTA pact’s highlight is its investment aspect
11 months, 3 weeks ago

The India-EFTA pact’s highlight is its investment aspect

Live Mint  

In many ways, the recently concluded agreement between India and the European Free Trade Association is mainly a confidence building measure for India in the run-up to trade agreements likely to be pursued after general elections with the EU and UK. In most cases, the I-EFTA pact will have limited impact—India’s principal import from the four-nation group, gold, is not …

Reading the fine print of India-EFTA trade deal
11 months, 3 weeks ago

Reading the fine print of India-EFTA trade deal

Hindustan Times  

It took 16 years of negotiations for India and the European Free Trade Association — comprising Switzerland, Norway, Iceland, and Liechtenstein — to clinch a free trade agreement. Furthermore, EFTA countries, through their FDI, shall generate one million direct jobs in India within 15 years of the FTA coming into force. The EFTA countries are only under a legal obligation …

Worries about the EFTA’s $100 bn investment commitment are misplaced. Here’s why
1 year ago

Worries about the EFTA’s $100 bn investment commitment are misplaced. Here’s why

Live Mint  

The signing of the European Free Trade Agreement is the culmination of long, complex negotiations that began in January 2008 and a historic achievement for the governments of India, Iceland, Liechtenstein, Norway, and Switzerland. The FTA also includes a clause that allows India to withdraw tariff concessions if the $100-billion investment doesn’t materialise. Linking trade preferences and tariff concessions to …

Will EFTA show the way for other FTAs?
1 year ago

Will EFTA show the way for other FTAs?

Hindustan Times  

Earlier this month, India and the European Free Trade Association — comprising Switzerland, Norway, Iceland, and Liechtenstein — inked a new-generation trade agreement, the Trade and Economic Partnership Agreement. At first look, India’s agreement with the EFTA does not seem attractive given the low levels of trade and investment between the two. With India’s fast-growing export sectors, namely, electronic goods …

High on intent and investment
1 year ago

High on intent and investment

Hindustan Times  

India’s trade agreement with the European Free Trade Association — comprising Iceland, Liechtenstein, Norway and Switzerland — may not reflect the country’s true level of ambition on trade deals, but it has considerable signalling value. For starters, the trade deal ties non-sovereign fund investment of $100 billion by the EFTA nations to tariff concessions being granted to a chunk of …

India signs $100bn trade deal with four European countries as UK talks drag on
1 year ago

India signs $100bn trade deal with four European countries as UK talks drag on

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy With the UK still struggling …

India-Europe's 16-year journey to historic FTA: Key things to know about pact
1 year ago

India-Europe's 16-year journey to historic FTA: Key things to know about pact

Hindustan Times  

India signed a free trade agreement with a group of four European nations - Switzerland, Norway, Iceland and Liechtenstein - on Sunday, which will see a major investment of around $100 billion for New Delhi over the next 15 years. India signed the FTA with Europe's four nation trade bloc on Sunday The free trade pact between the countries is …

India, EFTA's historic free trade agreement has a $100 billion investment plan
1 year ago

India, EFTA's historic free trade agreement has a $100 billion investment plan

Hindustan Times  

India and the four-nation European bloc EFTA on Sunday signed a free trade agreement under which New Delhi has received an investment commitment of USD 100 billion over the next 15 years to facilitate the creation of one million jobs. India and EFTA inked a free trade agreement on Sunday, The European Free Trade Association members are Iceland, Liechtenstein, Norway, …

India, EFTA states sign trade deal to create resilient supply chains
1 year ago

India, EFTA states sign trade deal to create resilient supply chains

Hindustan Times  

New Delhi: India and the European Free Trade Association bloc comprising Iceland, Liechtenstein, Norway and Switzerland on Sunday signed a free trade agreement that is expected to create better integrated and more resilient supply chains and new opportunities for businesses and individuals on both sides. India-EFTA Trade & Economic Partnership Agreement signed and exchanged in Delhi in presence of Union …

India signs free trade agreement with European Free Trade Association
1 year ago

India signs free trade agreement with European Free Trade Association

Deccan Chronicle  

India and the four-nation European bloc EFTA on Sunday signed a free trade agreement to promote investments and boost two-way trade in goods and services.The European Free Trade Association members are Iceland, Liechtenstein, Norway, and Switzerland.The agreement has 14 chapters, including trade in goods, rules of origin, intellectual property rights, trade in services, investment promotion and cooperation, government procurement, technical …

India signs free trade pact with 4 European countries
1 year ago

India signs free trade pact with 4 European countries

The Hindu  

India signed a free trade agreement with four European countries — Iceland, Liechtenstein, Norway, and Switzerland — on Sunday, with a goal of reaching $100 billion in investments in India and one million jobs. According to the TEPA’s Chapter 7 that deals with “Investment Promotion and Cooperation”, the two sides had shared “objectives” to increase foreign direct investment from EFTA …

India Seeks Investment Of $50 Billion During First 10 Years Of Trade Pact With EFTA
1 year ago

India Seeks Investment Of $50 Billion During First 10 Years Of Trade Pact With EFTA

ABP News  

India and four-nation European bloc EFTA will sign a free trade agreement on Sunday, which is likely to help promote investments and exports of key domestic services sectors such as IT, audio-visual, and movement of skilled professionals, an official said. Commenting on the pact, economic think tank Global Trade Research Initiative said that since 98 per cent of India's exports …

India-EFTA trade deal to be signed on Sunday
1 year ago

India-EFTA trade deal to be signed on Sunday

Live Mint  

The India-EFTA free trade agreement is scheduled to be signed on Sunday. However, trade experts don't see any major gain from the deal, considering that 98% of India's exports to Switzerland are industrial goods entering at zero tariffs. “India's agricultural exports are minimal and unlikely to increase significantly due to strict quality standards and non-tariff barriers,” said Ajay Srivastava, who …

India's Trade Deals With Oman, UK, EFTA Bloc Reflect Worldwide Economic Integration: GTRI
1 year, 1 month ago

India's Trade Deals With Oman, UK, EFTA Bloc Reflect Worldwide Economic Integration: GTRI

ABP News  

The successful finalisation of India's proposed trade agreements with the UK, Oman, and the four-nation bloc EFTA in Europe will underscore its dedication to trade liberalisation and economic integration. The report further highlighted that the three agreements with the UK, Oman, and the European Free Trade Association indicate a transition in India's preference for trade alliances from east to west. …

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers
1 year, 3 months ago

Optimistic on trade agreement ahead of elections: Swiss, Norway Ministers

The Hindu  

No timeline can be given on the conclusion of talks between India and four Nordic countries of the European Free Trade Association for a Trade and Economic Partnership Agreement, said the Trade Ministers of Switzerland and Norway during a visit to Delhi. Government officials indicated that though the most recent round of talks between trade negotiators from India and the …

India to receive Trade Ministers from Switzerland, Norway for ‘critical talks’ this week
1 year, 3 months ago

India to receive Trade Ministers from Switzerland, Norway for ‘critical talks’ this week

The Hindu  

As Trade Ministers from Switzerland and Norway visit Delhi this week, officials say they remain optimistic of reaching an agreement on a trade pact with Nordic countries in the next few months, although several outstanding issues remain and Indian trade negotiators are busy trying to close other FTAs with the U.K. and Australia. Talks about TEPA and a Bilateral Investment …

EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India
1 year, 7 months ago

EFTA looking at reduction in trade barriers on pharma, Swiss chocolate, fish in proposed pact with India

The Hindu  

Four-nation bloc EFTA is looking at significant reduction in trade barriers on sectors such as machine tools, advanced chemicals, pharma, chocolates, Norwegian and Icelandic fish in the proposed free trade agreement with India, a Swiss minister said. Swiss State Secretary for Economic Affairs Helene Budliger Artieda also said that with India, the EFTA grouping is aiming for an ambitious and …

EFTA Looking At Reduced Trade Barriers In Proposed FTA With India
1 year, 7 months ago

EFTA Looking At Reduced Trade Barriers In Proposed FTA With India

ABP News  

The European Free Trade Association is trying to negotiate reduced trade barriers in sectors like machine tools, chocolates, Norwegian and Icelandic fish, among others, in the proposed free trade agreement with India. Providing details on the agreement, the Swiss minister said, “Regarding trade in goods, India applies high tariffs on many of the EFTA countries' exports. Elaborating on looking for …

Top Swiss delegation on India visit to take forward FTA talks
2 years, 1 month ago

Top Swiss delegation on India visit to take forward FTA talks

The Hindu  

A Swiss delegation led by the State Secretary of Economic Affairs, Helene Budliger, will be in India on Tuesday for talks on the Free Trade Agreement. “Switzerland, as part of European Free Trade Association, is very keen to conclude a long-term FTA negotiation with success and this is my top priority, because there is great potential between the economic relationship …

India gets $42 billion FDI in 2018 on robust inflows in manufacturing, communication and financial services: UN report
5 years, 9 months ago

India gets $42 billion FDI in 2018 on robust inflows in manufacturing, communication and financial services: UN report

Firstpost  

In South Asia, FDI inflows increased by 3.5 percent to $54 billion, said the United Nations Conference on Trade and Development World Investment Report 2019 New Delhi: India received foreign direct investments worth $42 billion in 2018, helped by robust inflows in manufacturing, communication and financial services, a United Nations trade report said Wednesday. In South Asia, FDI inflows increased …

Black money: Looking forward to working with India, says Swiss govt
10 years, 9 months ago

Black money: Looking forward to working with India, says Swiss govt

Firstpost  

As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland today said it was looking forward to working together with the new government of India in its fight against tax evasion. New Delhi: As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland today said it was looking forward to …

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