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India-EFTA Trade Pact: India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
According to a report by the Global Trade Research Initiative, the successful conclusion of India's proposed trade agreements with the UK, Oman, and the European Free Trade Association (EFTA) will reflect its commitment to trade liberalisation and economic integration.
Commerce Secretary Sunil Barthwal said there is no Free Trade Agreement (FTA) in which India will go against the generic drug industry.