India and EFTA Nearing Trade Deal After 16-Year Talks, Key Issues Resolved

Brief by Shorts91 Newsdesk / 01:47pm on 23 Jan 2024,Tuesday India Global

After 16 years of negotiations, India and the European Free Trade Association (EFTA) are on the verge of signing a trade agreement. Officials, including Commerce Minister Piyush Goyal and Swiss Federal Councillor Guy Parmelin, worked towards settling key issues during recent talks. The last details are being addressed to finalize the agreement, aiming to boost economic ties. The deal, known as the Trade and Economic Partnership Agreement (TEPA), covers various aspects like goods, rules of origin, intellectual property rights, and sustainable development. The potential agreement marks a significant development in bilateral trade relations.

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