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European Free Trade Association

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trade-and-economy1 year ago

"India's $100 Billion Free Trade Deal with EFTA Marks Major Economic Milestone"

India has signed a "watershed" free trade deal with European Free Trade Association nations, including Switzerland, Iceland, Norway, and Liechtenstein, which is expected to bring in $100 billion worth of investment over 15 years and create one billion jobs. The agreement, seen as a significant development in India's bilateral relationships, is anticipated to boost exports in IT services, business services, and audio-visual services, and also includes provisions for mutual recognition in professional services.