• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
India Signs Landmark Free Trade Agreement with European Free Trade Association

India Signs Landmark Free Trade Agreement with European Free Trade Association

03/10/2024
U.S. Reviews Potential New National Security Tariffs on Auto Parts

U.S. Reviews Potential New National Security Tariffs on Auto Parts

09/17/2025
OLAINUKAN GLOBAL BUSINESS SERVICES LIMITED Recognized Ahead of the Go Global Awards 2025

OLAINUKAN GLOBAL BUSINESS SERVICES LIMITED Recognized Ahead of the Go Global Awards 2025

09/17/2025
Democrats Plan Senate Vote on Trump’s Tariffs on Canada and Brazil

Democrats Plan Senate Vote on Trump’s Tariffs on Canada and Brazil

09/17/2025
Kantipur Security Service Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Kantipur Security Service Pvt. Ltd. Nominated for Go Global Awards 2025 in London

09/17/2025
Plan to Reduce U.S. Steel Tariffs Shelved Ahead of Trump’s UK Visit

Plan to Reduce U.S. Steel Tariffs Shelved Ahead of Trump’s UK Visit

09/17/2025
Tariffs on India, China Under EU-NATO Lens

Tariffs on India, China Under EU-NATO Lens

09/17/2025
Tariffs Drive Rising Costs for Lower-Income Americans

Tariffs Drive Rising Costs for Lower-Income Americans

09/17/2025
Intermodal Europe 2025

Intermodal Europe 2025 – Shaping the Future of Intermodal Transport

09/16/2025
WAREMAT 2025 – Warehousing, Material Handling & Supply Chain Expo (Hyderabad)

WAREMAT 2025 – Warehousing, Material Handling & Supply Chain Expo

09/16/2025
Professional Logistics Network Inc. Nominated for Go Global Awards 2025

Professional Logistics Network Inc. Elevates Global Freight Forwarding with Next-Gen Digital Alliance

09/15/2025
Intellection Software & Technologies Pvt. Ltd. Nominated for Go Global Awards 2025 in London

Intellection Software & Technologies Pvt. Ltd. Driving AI-Powered Innovation Across the Globe

09/12/2025
APEX Miami 2025: Showcasing a Prestigious Lineup of Global Exhibitors

APEX Miami 2025: Showcasing a Prestigious Lineup of Global Exhibitors

09/11/2025
supplychainreport
Wednesday, September 17, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

India Signs Landmark Free Trade Agreement with European Free Trade Association

by Arvie I
03/10/2024
in Global Trade, Trade Agreements

YOU MAY ALSO LIKE

U.S. Reviews Potential New National Security Tariffs on Auto Parts

OLAINUKAN GLOBAL BUSINESS SERVICES LIMITED Recognized Ahead of the Go Global Awards 2025

India has officially entered into a free trade agreement with the European Free Trade Association (EFTA), consisting of Iceland, Norway, Switzerland, and Liechtenstein. The agreement was signed in a ceremony in New Delhi, attended by prominent figures including India’s Union Commerce and Industry Minister Piyush Goyal. The signing took place after a lengthy period of negotiations, culminating in a decision that marks a significant step in international trade relations for India. Prime Minister Narendra Modi referred to the agreement as a transformative development and a crucial milestone. He highlighted the deal as an embodiment of mutual commitment to fostering an open and equitable trading environment that would spur economic growth and expand job opportunities, particularly for the youth.

This new trade agreement, formally named the Trade and Economic Partnership Agreement (TEPA), received the green light from India’s Union Cabinet on March 7. Prime Minister Modi emphasized that the agreement is a testament to the solid commitment between India and the EFTA countries toward shared economic prosperity. He remarked on the complementarity of the economies involved, which he believes will lead to beneficial outcomes for all parties. Prime Minister Modi further elaborated on the broader implications of the agreement, stating, “Despite structural diversities in many aspects, our economies possess complementarities that promise to be a win-win situation for all nations involved. With the opening of enormous trading and investment opportunities, we have reached a new level of trust and ambition.”

The signing was witnessed by a high-level delegation from the EFTA member states, including Guy Parmelin, Swiss Federal Councillor and Head of the Department of Economic Affairs, Education and Research; Bjarni Benediktsson, Minister of Foreign Affairs of Iceland; Dominique Hasler, Minister of Foreign Affairs of Liechtenstein; and Jan Christian Vestre, Minister of Trade and Industry of Norway. On the Indian side, Piyush Goyal expressed his satisfaction with the completion of the agreement, noting it as a “momentous occasion” and the “culmination of nearly 15 years of hard work, tremendous energy, and effort.” He pointed out that the negotiations involved substantial dedication and were indicative of the strong desire to foster closer ties and economic integration between India and the EFTA countries.

The agreement is expected to open up new avenues for trade and investment between India and the EFTA bloc, potentially increasing the economic dynamism and competitiveness of all involved nations. The deal is seen as pivotal not only for the direct economic benefits it will provide but also as a strategic move to enhance geopolitical relationships in a changing global landscape. This historic signing not only signifies a leap forward in economic collaboration but also underlines the importance of international cooperation and the potential for greater prosperity through shared efforts and mutual understanding.

Get the latest supply chain report news at The Supply Chain Report. Learn more about international trade with tools from ADAMftd.com.

#IndiaEFTA #FreeTradeAgreement #TradeAndEconomicPartnership #InternationalTrade #EconomicGrowth #PiyushGoyal #NarendraModi #JobOpportunities #GeopoliticalRelations #TradeNegotiations #EconomicIntegration #MutualProsperity #GlobalCooperation #YouthEmployment #InvestmentOpportunities #HistoricSigning

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.