India Secures $100 Billion Free Trade Deal with European EFTA Bloc
TL;DR Summary
India has signed a trade pact with the European Free Trade Association, comprising Switzerland, Norway, Iceland, and Liechtenstein, under which India will lift most import tariffs on industrial products from these countries in exchange for a $100 billion investment over 15 years. The deal also includes provisions for intellectual rights and gender equity and is seen as a step towards Prime Minister Narendra Modi's goal of achieving annual exports of $1 trillion by 2030.
- India says Europe trade group commits to $100-billion 15-year deal Reuters
- India signed a $100 billion trade deal with four European countries Quartz
- India signs $100bn free trade deal with European EFTA bloc Al Jazeera English
- India strikes free trade deal with countries including Switzerland Financial Times
- India, EFTA Bloc Sign Free Trade Pact After 16 Years in Making Bloomberg
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