Current Affairs · International Trade Agreements
Which of the following statements is correct regarding the European Free Trade Association (EFTA) and its relations with India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1EFTA is an inter-governmental organization set up in 1970 for the promotion of free trade and economic integration.
- 2A key highlight of the TEPA is that EFTA has committed to promote investments with the aim to increase the stock of foreign direct investment by USD 150 billion in India in the next 10 years.
- 3India and the European Free Trade Association (EFTA) signed the Trade and Economic Partnership Agreement (TEPA) in February 2024.
- 4EFTA countries are Switzerland, Iceland, Norway, and Liechtenstein.✓
Correct answer
EFTA countries are Switzerland, Iceland, Norway, and Liechtenstein.
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