India Inks Trade Deal with EFTA Bloc

  • The much-anticipated India-EFTA Trade and Economic Partnership Agreement (TEPA) is set to be signed today.
  • EFTA is a four-nation European bloc comprising Iceland, Liechtenstein, Norway, and Switzerland.
  • The deal is expected to boost investments and exports in key sectors like IT, audio-visual, pharmaceuticals, and processed food.
  • India aims to attract $50 billion in investments over the next 15 years from EFTA countries.
  • The pact promises to generate millions of jobs and improve market access for Indian goods and services in the European market.
  • This is the first major free trade agreement signed by India in recent years.

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