Overview

• Commerce Minister Piyush Goyal met Norwegian Foreign Minister Espen Barth Eide and Trade Minister Cecilie Myrseth to discuss operationalizing the India-EFTA Trade and Economic Partnership Agreement (TEPA).
• EFTA reaffirmed its commitment to $100 billion in foreign direct investment in India over 15 years, expected to generate one million jobs.
• Goyal co-chaired the Norway-India Business Executive Roundtable, focusing on expanding economic collaboration and fostering innovation-led growth.
• During his visit to Norway's Parliament, Goyal engaged with lawmakers to enhance trade ties and shared democratic values.
• This visit marks a significant step in India's broader strategy to finalize key free-trade agreements with EFTA, the UK, and the EU.