India has recently signed a significant trade and economic pact worth $100 billion with the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland. The primary goal of this agreement is to bolster trade and investments between India and the EFTA nations. By eliminating custom duties on imported goods, the pact is expected to provide numerous benefits to Indian consumers and the economy. Notably, it will allow Indians to access high-quality Swiss products at more affordable prices, thus promoting greater economic growth and cooperation between the two regions.
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