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Business Today India
|April 14, 2024
The India-EFTA free trade agreement heralds a new phase of trade policy, allowing India to shift its gaze to sustainability from tariff reduction
SIXTEEN YEARS AND as many as 21 rounds of negotiations—that is what it took India and the four-nation European bloc of Iceland, Switzerland, Norway, and Liechtenstein to sign the Trade and Economic Partnership Agreement (TEPA) on March 10.
Through the agreement, the European Free Trade Association (EFTA) is committed to promoting foreign direct investments of $100 billion in the next 15 years. It is also likely to create 1 million jobs in that period.
This story is from the April 14, 2024 edition of Business Today India.
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