Economy & Business

    India, four-nation European bloc to sign trade deal on March 10: Report

    The Hawk
    March8/ 2024
    Last Updated:

    Talks between India and the European Free Trade Association (EFTA) signal potential duty cuts on Swiss gold imports, according to the Economic Times.

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    India and a small group of European nations are likely to sign a trade pact on March 10 in which New Delhi has sought a $100 billion investment commitment from the bloc, the Economic Times reported on Friday.

    The European Free Trade Association (EFTA) - which includes Norway, Iceland, Liechtenstein and Switzerland, nations not part of the European Union - has been in talks with India for a trade deal on goods, services, and investment promotion.

    Under the deal, India is considering duty cuts on limited gold imports from Switzerland, the Economic Times said.

    India's Commerce Ministry did not immediately respond to requests for comment.