India’s free trade agreement with the EFTA bloc—Switzerland, Norway, Iceland, and Liechtenstein—came into effect on October 2, 2024. It brings $100 billion investment promise, creates 1 million jobs, cuts tariffs, boosts Indian exports and service sector access

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

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 ea

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