MFN Status

Nearly 35 per cent of India's pharma exports went to the US in FY25, breaching the $10 billion mark. Such exports have more than doubled since FY18

He also reiterated India's longstanding concern regarding the Most Favoured Nation (MFN) status, which India had extended to Pakistan but which Pakistan didn't reciprocate

India signed DTCs with Lithuania and Colombia in 2011, under which it provided a withholding tax of 5 per cent to both countries

In a statement, Switzerland announced suspension of the application of the most favoured nation (MFN) clause of the protocol to the agreement between the Swiss Confederation and the Republic of India

India had extended the MFN status to Pakistan in 1996, but the neighbouring nation has not yet extended the same to New Delhi