EFTA-India Trade Agreement Will Attract Investment to Garment Value Chain

EFTA-India Trade Agreement Will Attract Investment to Garment Value Chain
Cutting the Deal The EFTA-India TEPA was signed by Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles of India; Guy Parmelin, Swiss Federal Councillor and Head of the Federal Department of Economic Affairs, Education and Research; Bjarni Benediktsson, Minister of Foreign Affairs, Iceland; Dominique Hasler, Minister of Foreign Affairs, Liechtenstein and Jan Christian Vestre, Minister of Trade and Industry, Norway. Press Information Bureau

The Trade and Economic Partnership Agreement (TEPA) signed between the European Free Trade Association (EFTA) States—Iceland, Liechtenstein, Norway and Switzerland—and India, promises significant economic benefits, such as better integrated and more resilient supply chains, new opportunities for businesses leading to increased trade and investment flows, job creation, and economic growth. Rahul Mehta, Chief Mentor of the Clothing Manufacturers Association of India (CMAI), weighs in on what it holds out for India.