Switzerland halts MFN clause with India; trade deal unaffected: Barthwal

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Switzerland halts MFN clause with India; trade deal unaffected: Barthwal - Business Standard

Quick Summary:

Safeguard duty is a temporary tariff barrier imposed by a country to protect its domestic industry from a surge in imports.

If disputes over MFN interpretations persist, Indian businesses could face similar challenges in other jurisdictions, potentially deterring outbound investments,” GTRI said in a report.

Under the Double Tax Avoidance Agreement (DTAA), Switzerland had reduced the withholding tax on Indian entities operating in that country to 5 per cent from 10 per cent earlier.