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Switzerland-India Free Trade Agreement
February 3 , 2024
93 days
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- Switzerland and India have reached consensus on a free-trade agreement after 16 years of negotiations.
- Switzerland has large historical accumulations of gold and it primarily refines imported gold.
- In 2022-23, India's imports from Switzerland stood at $15.79 billion, in stark contrast to its exports of $1.34 billion
- It was leading to a substantial trade deficit of $14.45 billion.
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