New Delhi, Sept. 29 -- India will formally operationalise its trade agreement with the European Free Trade Association (EFTA) on October 1, marking the country's first trade pact with a European grouping.

A high-profile launch event is scheduled at Bharat Mandapam in New Delhi, with Commerce and Industry Minister Piyush Goyal, senior EFTA ministers, government officials, and industry representatives expected to attend, according to a Business Standard report.

The four-member bloc-Switzerland, Liechtenstein, Norway, and Iceland-had signed the Trade and Economic Partnership Agreement (TEPA) with India on March 10, 2024.

Its implementation was delayed due to procedural approvals within member countries. Officials said the launch is not me...