One Year On Europe's Smallest Trade Bloc Shows India What A Deal Can Deliver
Switzerland's president arrived in New Delhi on Monday with a large business delegation, a year after the trade agreement between India and the European Free Trade Association came into force, and left behind five signed documents covering migration, young workers, transport technology and scientific research Image Source: MEA India Guy Parmelin was given a ceremonial reception at Rashtrapati Bhavan, received by President Droupadi Murmu and Prime Minister Narendra Modi, and held talks at Hyderabad House. His state visit runs until 7 October. The agreement underpinning the visit is worth understanding on its own terms. The European Free Trade Association is not the European Union. It consists of Switzerland, Norway, Iceland and Liechtenstein, four countries that stayed outside the EU while trading closely with it. Their agreement with India was concluded after sixteen years of negotiation and entered into force last October. It is India's first trade agreement with any economic...