March 10, 2024
1 min read

India Inks FTA with European Free Trade Association

Union Commerce Minister Piyush Goyal co-chaired the meeting on the India-EFTA trade agreement in the national capital on Sunday….reports Asian Lite News

India signed the Free Trade Agreement (FTA) with the four-nation European Free Trade Association (EFTA) bloc, on Sunday.

Union Commerce Minister Piyush Goyal co-chaired the meeting on the India-EFTA trade agreement in the national capital on Sunday.

The European Free Trade Association (EFTA) is a regional trade organisation of four countries–Iceland, Liechtenstein, Norway and Switzerland–that aims to promote free trade and economic integration.

Earlier in the day, the Foreign Minister of Iceland, Bjarni Benediktsson, and Liechtenstein, Dominique Hasler, arrived in the national capital for the signing of Trade and Economic Participation Agreement (TEPA).

Ministry of External Affairs (MEA) spokesperson, Randhir Jaiswal posted about her arrival sayng that the visit by the Liechtenstein minister will boost economic and commercial partnership between the two countries.

He added that Benediktsson’s visit would further strengthen India-Iceland ties, including in spheres of trade and investment.

Prime Minister Narendra Modi also congratulated the negotiators and signatories involved in the signing of the Trade and Economic Participation Agreement (TEPA).

“May this agreement mark the beginning of a new chapter in the journey of our nations toward a more prosperous future for us all,” PM Modi said in a letter.

EFTA and India began negotiating a free trade agreement 15 years ago and the deal was eventually closed after 20 rounds of negotiations.

Over the past few months, India and EFTA have significantly intensified their engagement, highlighting the commitment of both parties to achieving an early conclusion to the TEPA negotiations. (ANI)

ALSO READ: India-Bangladesh Pact Targets Crime, Trafficking

Previous Story

Debut Maha Shivratri at Abu Dhabi BAPS

Next Story

UAE welcomes UNSC resolution calling for ceasefire in Sudan

Latest from -Top News

Hasina’s Defiant Words Before Ouster

Reportedly before leaving Hasina wanted to record a farewell speech to be aired on television, but military officials declined….reports Asian Lite News Following a violent student uprising last year, the Bangladeshi military

FS Misri in US to Boost Tech, Trade Ties

The meeting, held in Washington, focused on strengthening existing frameworks and building momentum on key tech and trade initiatives…reports Asian Lite News Foreign Secretary Vikram Misri on Wednesday (India time) met with

Activists Targeted Again in Balochistan

The Baloch Yakjehti Committee (BYC) on Tuesday condemned the enforced disappearance of Baloch leader Ghani Baloch, blaming Pakistan’s Law Enforcement Agencies and Frontier Corps….reports Asian Lite News The Baloch Yakjehti Committee (BYC),

Islamabad-Ankara-Baku Axis Sharpens Against India

Both Turkey and Azerbaijan have openly expressed solidarity with Pakistan and backed Islamabad in its military standoff with India, this month….reports Asian Lite News The evolving alliance between Islamabad, Ankara, and Baku

India Targets Pak Terror Ties in Guyana

The delegation met the Guyanese President, Mohamed Irfaan Ali, who had hosted a dinner to celebrate friendship and shared aspirations between the two nations…reports Asian Lite News Congress leader Shashi Tharoor, currently
Go toTop

Don't Miss

Chinese projects on Yarlung Tsangpo River to affect India, B’desh

Experts believe that they are now under serious threat due

Jaishankar holds talks on Sudan situation with Egyptian counterpart

The minister’s talks with his Egyptian counterpart over Sudan are