Brief by Shorts91 Newsdesk / 02:08pm on 16 Dec 2023,Saturday India Global
Negotiations for the Trade and Economic Partnership Agreement (TEPA) between India and EFTA (European Free Trade Association) stall as Switzerland raises concerns on mobility and intellectual property rights. The 20th round of talks faces challenges despite recent progress. EFTA, comprising Iceland, Liechtenstein, Norway, and Switzerland, seeks a resolution before India's 2024 general elections. The revised Indian proposal on market access and Switzerland's apprehensions complicate the process. While no set deadline exists, both sides aim for an early 2024 signing. Recent visits by Norway's trade minister and Switzerland's economic affairs state secretary aimed to expedite the resolution of outstanding issues.
