Swiss watches, chocolates set to get cheaper for Indians

As part of the trade deal with EFTA, India will reduce basic customs duties on chocolates and on wrist as well as pocket watches originating from Switzerland. The levy will be brought down to zero in equal instalments over a seven-year period.

India, on March 10, signed a trade and investment agreement with the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland.

Adrija Chatterjee is an Assistant Editor at Moneycontrol. She has been tracking and reporting on finance and trade ministries for over eight years.

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