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

Alive With Opportunity

UK-India relationship ‘Alive with Opportunity’ as HMS Richmond hosts business showcase. The event was attended by more than 400 leading figures representing government, businesses, investors, and cultural icons, celebrating the strengthening partnership

India Builds Bridges at G20

Union Minister Jitin Prasada attended the meeting and held bilateral talks with counterparts from member nations….reports Asian Lite News India held talks with several nations on strengthening trade and technology ties, focusing

Balochistan Bleeds Again

Leading rights groups have accused Pakistani forces of abducting several Baloch civilians amid a surge in disappearances, killings, and torture across the province….reports Asian Lite News Leading human rights organisations have alleged

Trade War Back On?

Alongside with Tariff, Trump has also rolled out new export controls on critical software….reports Asian Lite News After a period of relative calm, with four major rounds of trade negotiations between the

India, Japan eye Central Asia

Initial projects could focus on logistics hubs, renewable energy ventures, and agro-processing plants that address the region’s immediate economic needs…report Asian Lite News Prime Minister Narendra Modi’s recent visit to Tokyo established
Go toTop

Don't Miss

‘Make in India’ TV shipments up 33%

Bharat FIH led the ‘Make in India’ TWS shipments, followed

India-UAE Ties: Expanding by Leaps and Bounds

With India and the UAE relations gaining significant strength in