Team Blitz India
NEW DELHI: A free trade agreement between India and four-nation bloc EFTA will help enhance two-way commerce, investment flows, job creation and economic growth.
Commerce and Industry Minister Piyush Goyal, who is in Brussels, has discussed modalities of engagement for working towards a comprehensive Trade and Economic Partnership Agreement (TEPA) with representatives of European Free Trade Association (EFTA) states – Iceland, Liechtenstein, Norway, and Switzerland.
On April 26 here, both sides discussed ways to resume negotiations for the agreement, an official statement said on May 15.
India and the EFTA states have agreed to ramp up their efforts and continue discussions at a steady pace, with several more meetings planned over the coming months.
A free trade agreement between the two regions is officially dubbed as TEPA. The EFTA countries are not part of the European Union (EU).
