Commerce Secretary visits Norway to discuss early implementation of trade pact with EFTA bloc
The Hindu
Commerce Secretary Sunil Barthwal visits Norway to discuss early implementation of India-EFTA free trade agreement, boosting exports and investments.
Commerce Secretary Sunil Barthwal has visited Norway to discuss the possibility of an early implementation of a free trade agreement between India and the four-nation European bloc EFTA, an official statement said on Saturday.
The agreement, officially dubbed as Trade and Economic Partnership Agreement (TEPA), was inked in March. The implementation date has not yet been finalised.
Also read | Investment lessons from the India-EFTA trade deal
The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
"The visit was aimed at furthering the objectives of and unlocking the large market in EFTA countries for Indian exports of goods and services and push for early implementation of $100 billion investment," the commerce ministry said Barthwal met Tomas Norvoll, State Secretary of the Ministry of Trade, Industry and Fisheries of Norway for discussions on promoting trade and investments, mobility for Indian professionals, re-energising existing institutional mechanisms and the next steps for the TEPA ratification.
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