Swiss chocolates set to become cheaper in India under a new trade deal

OCT 1 - Swiss wines and chocolates are set to become cheaper in India after a new trade agreement it signed with a bloc of four developed European nations Kenya breaking news | Kenya news today |..

✨ Key Highlights

Swiss chocolates and wines are expected to become cheaper in India following the implementation of a new trade agreement between India and the European Free Trade Association (EFTA), which includes Switzerland, Norway, Iceland, and Liechtenstein.

India will cut tariffs on 80–85% of goods from these countries to zero, while Indian exporters gain duty-free access to 99% of goods in EFTA markets.
The deal also includes a commitment to invest $100 billion and create 1 million direct jobs over the next 15 years.
This agreement, signed in March 2024, signals a strategic shift in trade negotiations, with investment commitments now directly tied to market access.

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