New Delhi: The free trade deal between four European nations (EFTA) and India will bring in transformative changes in boosting two-way economic ties and could not have come at a better time, Switzerland State Secretary for Economic Affairs Helene Budliger said as the ambitious pact came into effect on Wednesday amid trade disruptions caused by the US tariff tussle.

The Trade and Economic Partnership Agreement (TEPA) inked between New Delhi and the European Free Trade Association, comprising Switzerland, Norway, Iceland and Liechtenstein, is expected to cut tariffs on 92.2 per cent of Indian product categories.

Under the provisions of the pact that was sealed in March last year, the four countries pledged to invest a whopping USD 100 billion in India in the next 15 years, besides enhancin

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