A Ministerial meeting between India and the European Free Trade Association (EFTA) States (Iceland, Liechtenstein, Norway, and Switzerland) was held in Brussels on May 16, 2023.
- Both parties took a a significant stride forward in their quest for a Trade and Economic Partnership Agreement (TEPA).
- The Ministerial meeting marked a significant milestone in taking forward the negotiations on a TEPA between India and EFTA.
- Both sides emphasised the importance of building their discussions on principles of trust and respect for each other’s sensitivities to achieve a fair, equitable and balanced agreement.
- Indeed, a TEPA between EFTA and India could bring significant economic benefits, such as integrated and resilient supply chains and new opportunities for businesses and individuals on both sides leading to increased trade and investment flows, job creation, and economic growth.
