16 years of successful negotiations of India with EFTA resulted in $100 billion deal


New Dehli: 12 March 2024: India and the European Free Trade Association (EFTA), which includes countries like Norway and Switzerland, signed a free trade agreement worth $100 billion on Sunday. This agreement aims to boost investment and exports between the two parties. Under this deal, the EFTA nations will invest $100 billion in India over the next 15 years.

The agreement, called the India-EFTA Trade and Economic Partnership Agreement (TEPA), is seen as a significant step in strengthening the partnership between India and EFTA. It is expected to increase exports, attract investment, and create job opportunities in both regions.

The agreement comes after 16 years of negotiations and reflects a commitment to open and fair trade, according to Indian Prime Minister Narendra Modi.

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