The two sides signed the Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. Under the pact, India has received an investment commitment of $100 billion over 15 years from the grouping while allowing several products, such as Swiss watches, chocolates, and cut and polished diamonds, at lower or zero duties.
The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
"Yes, EFTA is progressing very fast," Goyal told PTI when asked if the agreement would come into effect this year.
The minister said the Swiss Council of States has approved the agreement, and it will now go to their National Council for approval.
Bu hikaye Business Standard dergisinin January 03, 2025 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin January 03, 2025 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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