New Delhi, June 10 -- Commerce and Industry Minister Piyush Goyal announced on Monday that the Free Trade Agreement (FTA) between India and the four-nation European Free Trade Association (EFTA) will take effect in September 2024.

The agreement, which was signed in March 2023, will enable Indian exporters to access markets in Switzerland, Norway, Iceland, and Liechtenstein with substantially reduced tariff barriers approaching zero duty rates.

The implementation of this FTA is expected to generate mutual benefits for both India and EFTA member nations.

Indian consumers will enjoy greater access to Swiss products-such as watches and chocolates-at reduced prices due to lower import duties, while Indian manufacturers will gain preferentia...