The European Free Trade Association (EFTA) is an intergovernmental organization aiming to promote free trade and economic integration among its members: Iceland, Liechtenstein, Norway, and Switzerland.
2. What is TEPA?
The Trade and Economic Partnership Agreement (TEPA) is a proposed trade agreement between India and the EFTA member countries, focusing on enhancing economic cooperation and trade.
3. Why are the India-EFTA TEPA negotiations significant?
These negotiations are important for both parties due to the potential mutual economic benefits, considering India's large market and the business relationships already existing between India and EFTA countries.
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