India-EFTA Trade Deal

On 10th March, 2024, India finalized a significant trade agreement with the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland.

  • This pact, spanning 15 years, promises a substantial investment of $100 billion into India's economy.

Boost to Trade and Investment

  • India anticipates that the pact, coupled with recent deals with the UAE and Australia, will enhance exports of pharmaceuticals, garments, chemicals, and machinery.
  • Investments are expected to flow into sectors such as automobiles, food processing, railways, and the financial sector.

Trade Dynamics with EFTA

  • India ranks as the EFTA's fifth-largest trading partner, with total two-way trade reaching $25 ....
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