Bern, June 9 -- The landmark free trade agreement between India and the European Free Trade Association (EFTA) is set to become operational by September, Commerce and Industry Minister Piyush Goyal announced on Monday during his visit to Switzerland.

EFTA is an inter-governmental organization set up in 1960 for the promotion of free trade and economic integration for the benefit of its four Member States - Switzerland, Iceland, Norway and Liechtenstein.

Under the comprehensive pact, EFTA nations have committed to investing $100 billion in India over 15 years.

Through reduced or eliminated tariffs, India is expected to provide preferential access to various European products, including Swiss watches, chocolates, and cut and polished dia...