India and EFTA Strengthen Economic Ties with the Inauguration of the India-EFTA Desk

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India and the European Free Trade Association (EFTA) – comprising Switzerland, Norway, Iceland, and Liechtenstein – have taken a significant step towards deeper economic collaboration with the inauguration of the India-EFTA Desk. This initiative follows the recently concluded India-EFTA Trade and Economic Partnership Agreement (TEPA), which positions EFTA as the first European bloc to formalize a trade pact with India. Union Minister for Commerce and Industry, Shri Piyush Goyal hailed TEPA as a landmark agreement, emphasizing India’s growing role in global trade. “This desk will serve as the bridge between businesses on both sides, ensuring transparency, trust, and ease of doing business,” he stated. He underscored India’s ambition to surpass $100 billion in EFTA investments, highlighting the country’s commitment to fostering equitable and mutually beneficial trade relationships.

The India-EFTA Desk will provide structured support to EFTA businesses looking to invest, expand, or establish operations in India. High-ranking dignitaries from all four EFTA nations attended the launch, reaffirming their commitment to strengthening economic ties.

About EFTA:

It was established on 3 May 1960.

The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European states: Iceland, Liechtenstein, Norway and Switzerland.

Objectives:

1. Maintaining and developing the EFTA Convention, which regulates economic relations between the four EFTA States;

2. Managing the Agreement on the European Economic Area (EEA Agreement).

3. Developing EFTA’s worldwide network of free trade agreements.

The EFTA Council is the highest governing body of EFTA. It usually meets eight times a year at Ambassadorial level and once a year at Ministerial level.

The day-to-day running of the Secretariat is overseen by the Secretary-General

PIB

About EFTA

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