Minister of Commerce and Industry Piyush Goyal on Sunday listed the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) which has now come into force, and his meeting with UK Prime Minister Keir Starmer in Mumbai to advance the India-UK trade and investment partnership as major highlights of his ministry in the last fortnight.
"The Trade and Economic Partnership Agreement (TEPA) between India and the EFTA, has come into force. The shared objective of the agreement is to mobilise $100 billion in investments and create one million direct jobs in India over the next fifteen years," he said.
Under the agreement EFTA, the four-nation bloc comprising Switzerland, Norway, Iceland and Liechtenstein, is offering 92.2 per cent of its tariff