EFTA pact kicks into action amid US tariffs

The trade agreement with the four-nation European bloc was signed in March

- Rajeev Jayaswal

Under TEPA, the EFTA block has removed duties on 92.2% of tariff lines encompassing 99.6% of India's exports.

(BLOOMBERG)

Indian exporters now have the opportunity to diversify their business from high tariff markets like the US to a bloc of four European countries (especially for items like plastic goods) from Wednesday as the free trade deal between India and European Free Trade ‘Association (EFTA) will be operationalized on October 1, according to an official statement.