Swiss submits India free trade agreement to parliament

The Swiss government has submitted its proposed free trade agreement with India to parliament. It is expected to debate the treaty in the upcoming spring and winter parliamentary sessions. +Get the most important news from Switzerland in your inbox Switzerland signed the agreement between India and the European Free Trade Association (EFTA), which includes the Alpine nation, in March, alongside the other EFTA members after sixteen years of negotiations. + Switzerland signs free trade deal with India The deal strengthens the competitiveness of Swiss exports in the world's most populous country, the Swiss government said in a statement on Thursday. While India currently levies very high tariffs on most imported products, EFTA is the first European partner to sign such an agreement with New Delhi. + Swiss trade deal: Is India changing its tune on pharma patents? Under the agreement, 94.7% of Swiss exports to India will benefit from tariff relief. The agreement includes a chapter on ...