"Historic day": Piyush Goyal announces India-EFTA trade pact coming into force

Piyush Goyal said the pact will unlock new opportunities for trade, investment and job creation, benefiting people and businesses.

New Delhi, Oct 1 (PTI) The free trade agreement between India and the four European nations bloc EFTA has come into force, Commerce and Industry Minister Piyush Goyal said on Wednesday.

Union Minister for Commerce and Industry Piyush Goyal speaks during an event. (ANI File)

He said the pact will unlock new opportunities for trade, investment and job creation, benefiting people and businesses.

"Truly a historic day, as the India-EFTA Trade and Economic Partnership Agreement (TEPA) comes into force," he said in a post on X.

Head of the Swiss Federal Department of Economic Affairs, Education and Research Guy Parmelin said, "Today marks the entry into force of the Trade and Economic Partnership Agreement (TEPA) between EFTA and India".