India Signs $100 Billion Trade Agreement with EFTA
The landmark deal aims to reduce tariffs and boost investment, enhancing economic cooperation between India and European Free Trade Association countries.
- India and the European Free Trade Association (EFTA) have signed a $100 billion trade and investment agreement.
- The deal aims to boost trade and investment between India and the EFTA countries: Switzerland, Norway, Iceland, and Liechtenstein.
- Tariffs on a wide range of goods, including Swiss watches and chocolates, are expected to be reduced, making these items cheaper in India.
- India has the right to withdraw tariff concessions if the promised $100 billion investment does not materialize.
- The agreement is seen as a significant step towards enhancing economic cooperation and creating job opportunities in India.
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