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The Confederation of Indian Alcoholic Beverage Companies (CIABC) has lauded the implications of the free trade agreement between India and the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland.

CIABC projects flourishing domestic wine sector in wake of India-EFTA deal

March 11, 2024, 06:29 PM - 2 min read

According to details outlined in the agreement documents, wines imported from EFTA countries will witness duty concessions akin to those extended to Australia. Notably, there will be no concessions for wines priced below USD 5. However, for wines priced between USD 5 and USD 15, a gradual reduction in duties from 150% to 50% over a decade is anticipated.

Parliamentary approval process for TEPA to be initiated immediately: Swiss govt.

Swiss government acts swiftly: TEPA approval process set in motion after landmark trade deal

March 11, 2024, 11:36 AM - 2 min read

"Under the FTA, India will lift or partially remove customs tariffs on 95.3 per cent of industrial imports from Switzerland (excluding gold) either immediately or with transition periods," the Swiss government said in a statement.

India is set to ink a historic free trade agreement (FTA) with the European Free Trade Association (EFTA) group of nations, comprising Iceland, Liechtenstein, Norway, and Switzerland on Sunday.

India and EFTA nations to seal Free trade agreement, marking third major deal under Modi government

March 9, 2024, 11:43 AM - 2 min read

"The Trade and Economic Partnership Agreement (TEPA) between India and EFTA covers wide-ranging matters such as trade in goods and services, rules of origin, intellectual property rights (IPR), investment promotion, trade facilitation, and sustainable development," a source elaborated.

India's efforts to strengthen economic ties with the European Free Trade Association (EFTA) are close to fruition, as sources suggest a free trade agreement (FTA) promising significant investments and job creation is nearing finalization.

India-EFTA free trade agreement nears formalization, promising billions in investments and jobs

March 5, 2024, 10:10 AM - 2 min read

"This is the first FTA for India where it has been able to get a commitment on investment and employment from the partner nations. The EFTA countries are looking at investing in joint ventures in areas such as pharmaceuticals, especially medical devices, certain chemicals, food processing, and engineering products," disclosed an official closely monitoring the negotiations.