India-EFTA Trade and Economic Partnership Agreement: Significance & Implications

The India-European Free Trade Association (EFTA) ‘Trade and Economic Partnership Agreement (TEPA)’ aims to enhance trade relations between India and the European Free Trade Association. This agreement holds significance for economic growth, market access, and investment opportunities, but also poses implications for domestic industries and regulatory frameworks.

Highlights of the Agreement

  • FDI Commitment: EFTA committed to promoting investments aiming to increase FDI by USD 100 billion in India over the next 15 years.
  • Job Generation: These investments aim to create 1 million direct employment opportunities in India.
  • EFTA's Offer: Offering 92.2% of tariff lines covering 99.6% of India’s exports, including 100% of ....
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International Relations