Trade and Economic Participation Agreement (TEPA)
LM NEWS 24
LM NEWS 24

Norway’s Trade Min On Signing Of Free Trade Pact With EFTA

Trade and Economic Participation Agreement (TEPA)

Norway’s Minister of Trade and Industry, Jan Christian Vestre said “today is a day for the history books” after India signed the Trade and Economic Participation Agreement (TEPA) with the European Free Trade Association (EFTA) on Sunday.

Calling the signing of the agreement “tremendous,” he said, “Today is a day for the history books because what we have created today is tremendous.”

Vestre added that this is a new way of doing sustainable and fair business.

“This is a new way of doing sustainable, fair business, increasing our investments…making sure that we can reach our common goals, combating climate change, eradicating poverty, and bringing prosperity to all our nations,” he added.

Union Commerce Minister Piyush Goyal co-chaired the meeting on the India-EFTA trade agreement in the national capital on Sunday.

Norwegian Ambassador to India, May-Elin Stener, took to social media X and quoted Norwegian Trade minister’s words, “Today is a day for the history books, says @NFdep Minister @jcvestre

as the historic India EFTA trade & economic partnership agreement is signed with @PiyushGoyal @Bjarni_Ben @DominiqueHasler @ParmelinG.”

Earlier, Swiss Federal Councillor Guy Parmelin emphasized that India will attract more foreign investment from the EFTA, which will lead to an increase in good jobs.

At the signing ceremony, Swiss Federal Councillor Guy Parmelin, speaking on behalf of the EFTA Member States, emphasised, “EFTA countries gain market access to a major growth market.”

Prime Minister Narendra Modi on Sunday congratulated the negotiators and signatories on the signing of the Trade and Economic Participation Agreement (TEPA) between India and the European Free Trade Association (EFTA), saying that despite structural diversities in many aspects, “our economies possess complementarities that promise to be a win-win situation for all nations.”

PM Modi, in a letter, said March 10, 2024, marks a new turn and a watershed moment in the bilateral relationship between India and the EFTA countries of Switzerland, Norway, Iceland and Liechtenstein. (ANI)

For more details visit us: https://lokmarg.com/

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are essential in order to enable you to move around the website and use its features. Without these cookies basic services cannot be provided.

Cookie generated by applications based on the PHP language. This is a general purpose identifier used to maintain user session variables. It is normally a random generated number, how it is used can be specific to the site, but a good example is maintaining a logged-in status for a user between pages.
  • PHPSESSID

Used on sites built with Wordpress. Tests whether or not the browser has cookies enabled
  • wordpress_test_cookie

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
0
Would love your thoughts, please comment.x
()
x