India-EFTA to take effect from October 1: Goyal

Commerce and Industry Minister Piyush Goyal announced that the India-EFTA Trade and Economic Partnership Agreement (TEPA) will be implemented from October 1st. Signed on March 10, 2024, the pact includes a USD 100 billion investment commitment from the EFTA nations over 15 years. India will also lower or eliminate duties on certain products like Swiss watches and diamonds.

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