Trade Agreement News

"India Secures $100 Billion Free Trade Deal with Four European Nations"

India signed a trade agreement with Iceland, Liechtenstein, Norway, and Switzerland, committing to a $100 billion investment and 1 million direct jobs in India over the next 15 years. The agreement includes reducing import tariffs on industrial products from the European Free Trade Association (EFTA) countries, aiming to bring economic benefits, job creation, and increased trade and investment flows. This marks India's first agreement with a significant European economic bloc, and it covers trade in goods and services, investment promotion, intellectual property, government procurement, and dispute settlement.