India, UK leaders reaffirm commitment to trade deal, PM Modi says

“We reaffirmed our commitment to further strengthen the bilateral comprehensive strategic partnership and work for early conclusion of a mutually beneficial free trade agreement,” PM Modi said in a post on X on Tuesday.

India can suspend customs duty concessions on EFTA country goods if the European nation bloc fails to meet its USD 100 billion investment obligations. The agreement includes an investment promotion and cooperation chapter with a three-stage consultation procedure and an investment sub-committee. India will ensure a favourable investment climate.

China is expanding its presence in the technology, mining, and energy sectors in West Asian nations with ties to India. It is partnering with telecom operators, investing in the mining sector, and offering assistance in space and transportation development.

Neighbouring Sri Lanka and Bangladesh are keen to start trading with India in rupee immediately. Countries from the Gulf are giving it a serious thought too. The mechanism is already in place in trade with Singapore, minister Piyush Goyal said.

The ambitious trade pact, signed between India and the European Free Trade Association (EFTA) comprising Norway, Switzerland, Iceland and Liechtenstein, aims to expand trade across a range of areas including pharmaceuticals, manufacturing, new technologies and machinery. After the EEA (European Economic Area) agreement, this could become one of the most important trade agreements Norway has […]

A trade deal between the European Free Trade Association (EFTA) and India is expected to boost Swiss businesses’ access to the Indian market. The agreement, after 16 years of negotiations, includes provisions for significant investment in India by the EFTA countries. It will also provide Indian exporters access to European and global markets. The deal […]

India signed a significant trade agreement with the European Free Trade Association (EFTA) comprising Switzerland, Norway, Liechtenstein, and Iceland, committing to a $100 billion investment over 15 years. The Trade and Economic Partnership Agreement (TEPA) aims to increase foreign direct investment (FDI) in India and generate one million direct jobs. The deal, India’s first FTA […]

Swiss State Secretary lauds the USD 100-billion free trade pact between India and EFTA. India will be the premier manufacturing and service hub. Swiss market is open for Indian goods. Switzerland plans to invest 100 billion USD in India.

India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.

India and the European bloc EFTA will sign a free trade agreement, promoting investments and exports of key sectors like IT, audio-visual, skilled professionals, pharma, medical devices, and processed food, with a commitment of $50 billion investment and generation of 1 million direct employment.