New Delhi -India’s free trade agreement (FTA) with four European nation bloc European Free Trade Association (EFTA) comes into effect.

It is aimed at boosting two-way commerce and investments.

The EFTA members are Iceland, Liechtenstein, Norway, and Switzerland. It was signed on March 10, 2024.

* What is an FTA?

It is an arrangement between two or more countries where they agree either to eliminate or reduce customs or import duties on the maximum number of goods traded between them.

Besides, they reduce barriers and ease norms to promote services exports and bilateral investments.

Across the globe, over 350 FTAs are currently in force, and most of the nations have signed one or more such agreements.

* What is the major benefit for India from this pact?

India has received an inves

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