Switzerland ne India ka MFN (Most Favoured Nation) status revoke kar diya hai, jo stock market investors ke liye kaafi important ho sakta hai.
Switzerland ne India ka Most Favoured Nation (MFN) status suspend kar diya hai Double Taxation Avoidance Agreement (DTAA) ke under, jo ki Indian investors ke liye kaafi important ho sakta hai, khaas kar IT, pharmaceuticals aur financial services sectors mein. MFN status ka suspension ka matlab hai ki India ke liye Switzerland ke saath jo preferential trade arrangements the, unmein interference ho rahi hai. Toh investors ke liye yeh kaise impact karega:
Kya Hua?
Switzerland ne India aur Switzerland ke beech ke DTAA mein MFN clause ko withdraw kar diya hai. Iska matlab yeh hai ki Indian companies jo Switzerland mein kaam kar rahi hain, unko zyada tax dena padega. Dividend aur income par jo tax rate pehle 5% tha, ab 1st January 2025 se yeh 10% ho jayega.
Pichle mahine, India ke Supreme Court ne kaha tha ki MFN clause automatic tarike se tab tak operate nahi hota jab tak koi country OECD ka member nahi ban jaata. Yeh clause tabhi applicable hota hai jab India ne tax treaty sign ki ho us country ke saath uske OECD join karne se pehle.
MFN Status Kya Hai?
MFN status ek international trade ka fundamental principle hai jo WTO ke under hota hai. Iska matlab hai ki har country ko trade mein equal treatment milegi, jaise tariffs aur quotas sabke liye same hote hain. Agar Switzerland ka MFN status suspend ho gaya, toh Indian goods aur services par zyada tariffs lag sakte hain, trade obstacles badh sakte hain, aur Swiss market ka access bhi kam ho sakta hai.
Isse Indian companies ko naye tax problems face karne padenge, khaas kar financial services, IT aur pharmaceuticals sectors mein.
Tax Mein Badhotri: Tax burden badh jayega, jo profitability ko reduce karega.
Sectoral Impact: Engineering goods, pharmaceuticals aur IT services ke operational costs badh sakte hain, jo stock market par negative effect daal sakta hai.
Market Access: Swiss markets mein tough trade conditions ho sakte hain, jo Indian companies ke liye unhe attract karna mushkil bana dega.
Global Trade Research Initiative (GTRI) ke founder Ajay Srivastava kehte hain ki yeh Indian businesses ke liye ek bada setback hai.
Indian Government Ka Response:
India ne kaha hai ki usko Switzerland ke saath DTAA ko renegotiate karna hoga, kyunki India ne European Free Trade Association (EFTA) ke saath trade agreement sign kiya hai. Ministry of External Affairs ke spokesperson Randhir Jaiswal ne bola ki India ka double taxation treaty Switzerland ke saath change ho sakta hai, taaki EFTA ke trade commitments ko incorporate kiya ja sake.
India-Switzerland Trade Relations:
FY 2023-24 mein, India aur Switzerland ke beech bilateral trade $23.76 billion tha, jisme se $21.24 billion India ne import kiya tha.
Import from Switzerland:
- Gold aur silver (jewelry ke form mein)
- Pharmaceutical intermediates aur machinery
Exports to Switzerland:
- Jewels aur Jewelry
- Organic Chemicals aur Machinery
India ko Switzerland se April 2000 se le kar September 2024 tak $10.72 billion ki Foreign Direct Investments mili hain.
EFTA Agreement:
India ne March 2024 mein EFTA block ke saath ek free trade agreement sign kiya hai, jisme Iceland, Liechtenstein, Norway aur Switzerland shamil hain. Switzerland India ka sabse bada trading partner hai.
Yeh development Indian businesses ke liye ek challenge hai, jisme unhe naye regulatory environment ke hisaab se apne operations ko adapt karna hoga. Investors ko ab un sectors ko closely monitor karna hoga jo is suspension se impact ho sakte hain, aur jo potential disruptions ho sakti hain unke liye prepare rehna hoga.
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