What are the key features of the free trade agreement between India and the European Free Trade Association
Analyze the implications of the free trade agreement signed between India and the European Free Trade Association.
Key features of the free trade agreement between India and the European Free Trade Association (EFTA):
- Elimination of tariffs on industrial products
- Reduction of customs duties on agricultural products
- Provisions for trade in services and investments
- Intellectual property rights protection
- Rules on competition and dispute settlement mechanisms
- Boost in bilateral trade and investment between India and EFTA countries
- Access to new markets for Indian exporters
- Promotion of economic growth and job creation
- Enhancement of technology exchanges and innovation
- Strengthening of diplomatic ties and cooperation on various fronts
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