Dhaka, Sept. 30 -- India is set to formally operationalise its trade agreement with the European Free Trade Association (EFTA) bloc on October 1, marking the country's first-ever trade pact with a European grouping.

The government will host a high-profile launch event at Bharat Mandapam in New Delhi, with Commerce and Industry Minister Piyush Goyal, senior ministers from the EFTA nations, government officials, and industry representatives in attendance, as per a Business Standard report.

"From the first of next month, a group of four countries-Switzerland, Liechtenstein, Norway, and Iceland-will also come into effect," Goyal said while addressing the valedictory session of the UP International Trade Show.

The four-nation bloc consists ...