India and the four-nation European Free Trade Association (EFTA) have agreed to conclude the ongoing free trade agreement (FTA) negotiations by year-end, Union Commerce and Industry Minister Anand Sharma said here on Thursday.
Both sides have completed seven rounds of negotiations. The EFTA states include Switzerland, Iceland, Liechtenstein and Norway. It is an inter-governmental organisation that promotes free trade and economic integration between the four nations. “In Bern, India and Switzerland had agreed that by the end of this year, India-EFTA bilateral trade and investment agreement will be concluded,'' Mr. Sharma said at a function organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) here.
“I am confident that the negotiations will result in a mutually beneficial agreement for both sides,'' he added.
Both sides have completed seven rounds of negotiations. The EFTA states include Switzerland, Iceland, Liechtenstein and Norway. It is an inter-governmental organisation that promotes free trade and economic integration between the four nations. “In Bern, India and Switzerland had agreed that by the end of this year, India-EFTA bilateral trade and investment agreement will be concluded,'' Mr. Sharma said at a function organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) here.
“I am confident that the negotiations will result in a mutually beneficial agreement for both sides,'' he added.
No comments:
Post a Comment