A dedicated desk has been launched to deepen the economic engagements between India and the European Free Trade Association (EFTA) countries -- Iceland, Liechtenstein, Norway and Switzerland.
Union Minister for Commerce and Industry Piyush Goyal, along with top dignitaries from EFTA nations, will inaugurate the EFTA Desk at Bharat Mandapam, New Delhi on Monday.
"It (India-Norway ties) has huge potential. When I was the foreign minister, we issued an India strategy, which was the first ever from Norway's side and this has been followed by an agreement on FTA between EFTA and India, which offers huge potential for doing more trade and collaboration,"
The minister is on an official visit to Switzerland to take forward commitments as part of India's recently signed free trade agreement with the four-nation European bloc or EFTA (European Free Trade Association).
The minister is on an official visit to Switzerland to take forward commitments as part of India's recently signed free trade agreement with the four-nation European bloc or EFTA. During the visit, the minister held significant discussions with industry leaders and stakeholder to advance
"We have an extremely productive and constructive dialogue at the political level. The date the 10 March 2024 is historic in our relationship. On that day we signed the EFTA India Trade and Partnership agreement here in Delhi. The agreement will be an important instrument to advance trade an
PM Modi said that the "innovative and well-balanced" trade deal reflects the respective developmental aspirations of both parties and symbolizes their shared commitment to open, fair, equitable trade.
Norway Trade Minister Jan Christian Vestre hailed the India-EFTA free trade agreement signed on Sunday and said that issues like tariff cuts, included and excluded commodities; human rights clause and an investment chapter were among the major subjects of discussion.
Lauding the USD 100-billion free trade pact between India and the four-nation bloc European Free Trade Association (EFTA), Swiss State Secretary for Economic Affairs, Helene Budliger Artieda, affirmed that India will be world's premier manufacturing and service hub.
Union Minister Piyush Goyal on Sunday said that "never before in the history of FTAs has such an FTA ever happened," after India signed a USD 100-billion free trade pact with the four-nation bloc European Free Trade Association (EFTA).
After the trade agreement was signed between India and the European Free Trade Association (EFTA), Swiss Federal Councillor Guy Parmelin emphasized that India will attract more foreign investment from the EFTA, which will lead to an increase in good jobs.