New Delhi, July 5 -- The free trade agreement (FTA) between India and the European Free Trade Association (EFTA) is expected to come into effect in the coming months, Union Commerce and Industry Minister Piyush Goyal announced on Friday.

The Trade and Economic Partnership Agreement (TEPA), signed on March 10, 2024, represents India's efforts to deepen economic engagement with the four-nation bloc comprising Iceland, Liechtenstein, Norway, and Switzerland.

Speaking at an event organised by SGS India, Goyal noted, "I think it should come into effect, I believe, in the next couple of months."

Under the agreement, EFTA members have committed to investing USD 100 billion in India over the next 15 years.

In return, India has agreed to reduc...