European Trade Delegations and Post-FTA Workforce Financial Relief 

Published

Commerce and Industry Minister Piyush Goyal initiated a five-day official delegation to Spain, Belgium, and Finland to foster cross-sector trade, investment, and resilient supply chains. Concurrently, details of the India-UK Free Trade Agreement reveal that Indian professionals on temporary UK assignments (up to 5 years) will receive a 25% effective salary relief under the new Double Contribution Convention Agreement. By waiving local UK social security contributions, these funds will now remain in their Indian Provident Fund accounts earning 8.25% interest. Additionally, Odisha’s MSME department partnered with CHEMEXCIL to enhance export competitiveness for local chemical, cosmetic, and fragrance units.

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