New Delhi, Oct. 11 -- The India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) officially that came into force on October 1, marks a historic milestone as India's first Free Trade Agreement with four developed European countries-Switzerland, Norway, Iceland, and Liechtenstein.
The TEPA is set to unlock USD100 billion in investments and generate 1 million direct jobs in India over the next 15 years, making it one of the most ambitious trade agreements in the country's economic history. The pact is expected to significantly boost India's exports across sectors such as agriculture, marine products, electronics, and textiles.
Key features of the agreement include tariff concessions on 92.2 percent of ta...