The Trade and Economic Partnership Agreement (TEPA) between India and the four EFTA nations, which are Iceland, Liechtenstein, Norway and Switzerland, has officially came into effect on Wednesday, marking a major step forward in strengthening the trade ties.

India has joined hands with the EFTA bloc, which is known for its strong presence in global trade. Together, the five economies represent a combined GDP of about $5.4 trillion.

To mark the occasion, a summit was held in New Delhi, which was led by Commerce and Industry Minister Piyush Goyal and senior officials from all four EFTA countries. Business leaders from both sides also took part, exploring opportunities in precision manufacturing, clean technologies, and services.

What does the TEPA deal between India and EFTA countries

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