News > India inks FTA pact with 4-nation European bloc

India inks FTA pact with 4-nation European bloc

Domestic customers will gain access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will gradually phase out customs duties under its Trade and Economic Partnership Agreement (TEPA) with the four European Free Trade Association (EFTA) bloc. The bloc member countries are Iceland, Liechtenstein, Norway, and Switzerland. The pact will boost trade and investments between the regions.