India signs $100bn free trade deal with four European nations - BBC News

The UK and India have been holding negotiations over a free trade agreement for the last two years.

12 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, The deal will see Norway, Switzerland, Iceland and Liechtenstein invest in IndiaBy Peter HoskinsBusiness reporterIndia has signed a free-trade agreement (FTA) with a group of four European countries that are not members of the European Union.

The deal with the European Free Trade Association (EFTA) will see investments in India of $100bn (£77.8bn), the country's trade minister says.

The EFTA is made up of Norway, Switzerland, Iceland and Liechtenstein.

The announcement comes as the UK and India have been holding negotiations over an FTA for the last two years.

"This landmark pact underlines our commitment to boosting economic progress and creating opportunities for our youth," Prime Minister Narendra Modi said in a statement.

https://www.bbc.co.uk/news/world-asia-68531241

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