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Top related persons:
Narendra Modi - 2 Piyush Goyal - 2 Christian Vestre - 1 Goyal - 1 Abdul Saboor - 1 Nick Carey - 1 Matthew Lewis - 1 Miranda Murray - 1
Top related locs:
Britain India Europe Switzerland Iceland Norway Liechtenstein EU
Top related orgs:
European Free Trade Association - 4 Industry - 2 Union - 2 European Automobile Manufacturers Association - 2 Volkswagen - 2 Renault - 2 Thomson - 2 Free Trade Association - 1

Search resuls for: "European Free Trade Association"


7 mentions found


☆ India inks 'watershed' $100 billion free trade deal with four non-EU nations
  + stars: | 2024-03-11 | by ( Clement Tan | In Clemtan | ) www.cnbc.com   time to read: +1 min
India flag, stock market, exchange economy and Trade, oil production, container ship in export and import business and logistics. India will lift most tariffs on four nations in Europe in a "watershed" deal that is expected to yield $100 billion worth of investment over 15 years and one billion jobs for the world's fifth-largest economy. The trade deal with European Free Trade Association nations, not part of the EU, was inked ahead of the country's general elections due in the next few months that may give Prime Minister Narendra Modi a third-straight term in office. This "marks a new turn and watershed moment in the bilateral relationship between India and [European Free Trade Association] countries of Switzerland, Iceland, Norway and Liechtenstein," India Prime Minister Narendra Modi said in comments shared on X, formerly Twitter. India expects this free trade agreement to stimulate its key exports in IT services, business services, audio-visual services among others, said Commerce and Industry Minister Piyush Goyal.
Persons: Narendra Modi, Piyush Goyal Organizations: European Free Trade Association, Free Trade Association, Twitter, Commerce, Industry Locations: India, Europe, Great Britain, Switzerland, Iceland, Norway, Liechtenstein
☆ India says Europe trade group commits to $100 billion 15-year deal
  + stars: | 2024-03-11 | by ( ) www.cnbc.com   time to read: +2 min
Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. It envisages that the European Free Trade Association, comprised of Switzerland, Norway, Iceland and Liechtenstein, will invest $100 billion over 15 years in India's fast-growing market of 1.4 billion people, Trade Minister Piyush Goyal said. "With the new deal, we have secured nil import taxes on nearly every Norwegian good." The five signatories must ratify Sunday's deal before it can take effect, with Switzerland planning to do so by 2025.
Persons: Piyush Goyal, Narendra Modi, Christian Vestre, Goyal Organizations: of Commerce and Industry, Consumer Affairs, Food, United Arab, European Free Trade Association, Trade, Industry Locations: India, Australia, United Arab Emirates, Britain, Switzerland, Norway, Iceland, Liechtenstein
☆ EU October car sales up 14.6%, EV sales jump more than 36%
  + stars: | 2023-11-21 | by ( Nick Carey | ) www.reuters.com   time to read: +2 min
REUTERS/Abdul Saboor/File Photo Acquire Licensing RightsLONDON, Nov 21 (Reuters) - New car sales in the European Union rose 14.6% in October, boosted in part by a big jump in sales of fully electric cars, while hybrid electric vehicles accounted for nearly three of every 10 vehicles sold in the economic bloc. Sales of fully electric cars rose 36.3% from a year earlier and full hybrid sales were up nearly 39% as the EU recorded its 15th consecutive month of sales growth, the European Automobile Manufacturers Association (ACEA) said on Tuesday. The ACEA said fully electric cars made up 14.2% of sales in October, overtaking sales of diesel cars for the third time. For the ten months through October, sales of fully electric cars were up 53.1%. Reuters GraphicsTesla's (TSLA.O) sales rose nearly 150%, accounting for nearly 12% of fully electric car sales in the EU.
Persons: Abdul Saboor, Nick Carey, Matthew Lewis Organizations: Citroen, REUTERS, Union, EU, European Automobile Manufacturers Association, Reuters Graphics, Volkswagen, Europe's, Renault, European Free Trade Association, Thomson Locations: Meudon, Paris, France, EU, Britain, London
☆ EU car sales rise 9.2% in September as demand for EVs jumps, industry group says
  + stars: | 2023-10-20 | by ( Nick Carey Miranda Murray | Nick Carey | Miranda Murray | ) www.reuters.com   time to read: +1 min
Oct 20 (Reuters) - New car sales in the European Union rose 9.2% in September, helped by a jump in sales of electric and hybrid vehicles, which together accounted for more than half of car sales last month, industry data showed on Friday. Together, fully-electric cars, plug-in hybrids and full hybrids accounted for just over 50% of sales, the data showed. As recently as 2015, diesel vehicles comprised more than 50% of new car sales in the EU. Car sales in Europe have been steadily recovering from pandemic-related supply chain problems, most notably a global shortage of semiconductor chips. Despite 14 straight months of growth, car sales for the first nine months of 2023 remain 20% below the same period in 2019 before the pandemic.
Persons: Miranda Murray, Matthias Williams, Susan Fenton Organizations: Union, European Automobile Manufacturers Association, Diesel, Volkswagen, Renault, European Free Trade Association, Thomson Locations: Europe, EU, Britain
☆ Factbox: Lawsuits lodged over state-backed Credit Suisse takeover
  + stars: | 2023-04-21 | by ( ) www.reuters.com   time to read: +2 min
April 21 (Reuters) - Several lawsuits have been filed over the terms of last month's emergency deal to save Swiss lender Credit Suisse (CSGN.S) by selling it to its bigger rival UBS (UBSG.S). Around 16 billion Swiss francs of Additional Tier 1 (AT1) Credit Suisse debt was written down to zero, in a shock to markets. But it has declined to name claimants or provide an ongoing tally of those lodged by bondholders or their lawyers. UNITED STATESOne of the first proposed U.S. class action s against Credit Suisse over alleged false or misleading statements pre-dates the rescue. Credit Suisse declined to comment.
☆ UK's post-Brexit settlement scheme for EU citizens unlawful, London court rules
  + stars: | 2022-12-21 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Small toy figures are seen in front of UK and European Union displayed flags in this illustration picture, October 17, 2019. REUTERS/Dado Ruvic/IllustrationSummary Judge says government interpretation was "wrong in law"IMA citizens' rights body welcomes rulingBritish government to appealDec 21 (Reuters) - The British government's post-Brexit settlement scheme for EU citizens is unlawful, London's High Court ruled on Wednesday. He argued this aspect of the EU settlement scheme – and a similar scheme for citizens from the countries of the European Economic Area and the European Free Trade Association – was "straightforwardly incompatible with the withdrawal agreement". Judge Peter Lane ruled the British government's interpretation of the withdrawal agreement was "wrong in law" and the settlement scheme was unlawful. "The EU settlement scheme goes above and beyond our obligations under the withdrawal agreement, protecting EU citizens' rights and giving them a route to settlement in the UK.
☆ UK breaching Brexit agreement on EU citizens’ rights, London court told
  + stars: | 2022-11-01 | by ( Sam Tobin | ) www.reuters.com   time to read: +2 min
LONDON, Nov 1 (Reuters) - The British government is breaching the withdrawal agreement with the European Union by requiring EU citizens to reapply for the right to live and work in the United Kingdom, an independent body set up to oversee citizens’ rights told a London court on Tuesday. The Independent Monitoring Authority (IMA) says the Home Office’s post-Brexit settlement scheme unlawfully requires up to 2.6 million EU citizens to make a second application after being allowed to remain in the UK or lose their rights of residence. He said that this aspect of the EU settlement scheme – and a similar scheme for citizens from the countries of the European Economic Area and the European Free Trade Association – is “straightforwardly incompatible with the withdrawal agreement”. Palmer also said the European Commission, which has intervened in the case, supports the IMA’s interpretation of EU citizens’ rights under the withdrawal agreement. David Blundell, representing the Home Office, argued in court documents that the settlement scheme gives EU citizens “significantly more generous protection” than is required under the withdrawal agreement.
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