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Business Standard
|October 01, 2025
Govt must help exporters to benefit from trade deals
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‘The free-trade agreement (FTA) between India and the European Free Trade Association (Efta) will come into force today, more than a year after it was finalised and signed.
Given India’s other trade woes — the 50 per cent tariffcurrently imposed on exports by the United States (US), and the long delay in finalising an agreement with theEuropean Union (EU) — itis not surprising that the governmentis emphasising this. And Efta is certainly good news. This small bloc of developed nations — comprising Switzerland, Norway, Iceland, and Liechtenstein — may not beasinfluential a grouping as its larger cousin, the EU. But several of the countries in question are financial powerhouses, and the agreement includes promises of $50 billion in investment over its first decade of operation.
This story is from the October 01, 2025 edition of Business Standard.
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