Key Points
Union commerce and industry minister Piyush Goyal will be leaving for Switzerland this Sunday (July 14) to take forward commitments as part of Indias recently signed free trade agreement with the four-nation European bloc or EFTA..
Addressing the National Executive Committee meeting of FICCI on Wednesday, Goyal said, I am off to Switzerland on Sunday to take forward our commitment of $100 billion dollar FDI investment under the EFTA deal..
India and the four-nation European bloc of Iceland, Switzerland, Norway, and Liechtenstein had on March 10 this year, signed the Trade and Economic Partnership Agreement (TEPA) on March 10..
As part of the agreement, EFTA has committed to promote investments to increase the stock of foreign direct investments by $100 billion in India in the next 15 years, and to facilitate the generation of 1 million direct employment in India through such investments...
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