Deal includes trade in goods and services, investment promotion and cooperation, intellectual property, government procurement, trade and sustainable development and dispute settlement.
A laborer carries a sack of vegetables in Lucknow, capital of northern Indian state of Uttar Pradesh. / Photo: AP Archive
"The landmark agreement between India and EFTA is set to bring significant economic benefits, such as better integrated and more resilient supply chains, new opportunities for businesses and individuals on both sides leading to increased trade and investment flows, job creation, and economic growth,” an EFTA communique said on Sunday.
India’s Commerce and Industry Minister Piyush Goyal said India for the first time had signed an agreement with an important economic bloc in Europe. India is also working on trade pacts with Britain and the European Union.
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