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Commerce Secretary Sunil Barthwal checked out Norway to talk about opportunity of a very early execution of FTA in between India and EFTA
The arrangement, formally called as Trade and Economic Partnership Agreement (TEPA), was tattooed inMarch (Representative picture)
Commerce Secretary Sunil Barthwal has actually gone to Norway to talk about the opportunity of a very early execution of an open market arrangement in between India and the four-nation European bloc EFTA, a main declaration stated on Saturday.
The arrangement, formally called as Trade and Economic Partnership Agreement (TEPA), was tattooed inMarch The execution day has actually not yet been settled.
The European Free Trade Association (EFTA) participants are Iceland, Liechtenstein, Norway, and Switzerland.
“The browse through was focused on enhancing the purposes of and opening the big market in EFTA nations for Indian exports of products and solutions and promote very early execution of USD 100 billion financial investment,” the commerce ministry said Barthwal met Tomas Norvoll, State Secretary of the Ministry of Trade, Industry and Fisheries of Norway for discussions on promoting trade and investments, mobility for Indian professionals, re-energising existing institutional mechanisms and the next steps for the TEPA ratification.
In a separate statement, the ministry said over the past decade, India’s seafood exports have doubled to USD 7.3 billion in value and 17.81 lakh metric tonnes in volume terms.
With 500 EU-approved firms, India’s seafood processing capacity continues to expand, making the EU India’s second-largest seafood market, with annual purchases of USD 0.95 billion.
Additionally, India is the EU’s second-largest shrimp supplier, holding an 8 per cent market share and contributing 12 per cent of the EU’s squid imports.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)
