India-EFTA Trade Deal: What India Stands To Gain From The Economic Partnership

Union Minister for Commerce & Industry Piyush Goyal during the signing of the India-European Free Trade Association Trade & Economic Partnership Agreement, in New Delhi on March 10, 2024. ( Image Source :PTI )

On March 10, 2024, India and the European Free Trade Association (EFTA) entered into a Trade and Economic Partnership Agreement (TEPA). This is anticipated to enhance commerce between Europe and India. The members of the European Free Trade Association (EFTA) are Switzerland, Norway, Iceland, and Liechtenstein. The EFTA is an international organisation established in 1960 with the aim of facilitating free trade and fostering economic integration among its four member countries. The EFTA