India-EFTA trade pact kicks in: Swiss wines, chocolates and apparel get cheaper; Indian exports to get wider market access

The India-EFTA free trade agreement, effective Wednesday, will make Swiss products like wines and watches cheaper in India. It also boosts market access for India’s labor-intensive exports such as textiles and marine products in EFTA nations. This pact offers strategic benefits for India’s electronics sector and phased duty reductions on various goods.