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Norwegian envoy May-Elin Stener describes India-EFTA Trade and Economic Partnership Agreement 'historic'
Photo Courtesy: Ambassador May-Elin Stener X page

Norwegian envoy May-Elin Stener describes India-EFTA Trade and Economic Partnership Agreement 'historic'

| @indiablooms | 19 May 2024, 07:44 pm

Norwegian Ambassador to India, May-Elin Stener has described the signing of the India-EFTA Trade and Economic Partnership Agreement 'historic'.

She said the trade agreement would be instrumental in enhancing the relationship between the two countries.

“We have an extremely productive and constructive dialogue at the political level. The date the 10 March 2024 is historic in our relationship. On that day we signed the EFTA India Trade and Partnership agreement here in Delhi. The agreement will be an important instrument to advance trade and investments and increase people-to-people contact between Norway and India,” she said while speaking at Norway’s National Day celebrations held at the Norwegian embassy in New Delhi.

“Norway is hosting the India- Nordic Summit. We look forward to this high-level meeting and hope this will give yet another big boost to our collaboration. During my eight months in India, I met so many impressive, kind, positive and welcoming people. I have visited ten Indian states that now celebrate vibrant Indian festivals and learned about the most important Indian fashion, crickets. Thank you for all the wonderful experiences. My impression is that Norwegians and Indians get along very well and I believe that the people-to-people contact is important for our bilateral relationship,” she added.

India-EFTA Trade and Economic Partnership Agreement

India-European Free Trade Association signed a Trade and Economic Partnership Agreement (TEPA) on March 10.

India has been working on a Trade and Economic Partnership Agreement (TEPA) with EFTA countries comprising Switzerland, Iceland, Norway & Liechtenstein.

The agreement comprises of 14 chapters with main focus on market access related to goods, rules of origin, trade facilitation, trade remedies, sanitary and phytosanitary measures, technical barriers to trade, investment promotion, market access on services, intellectual property rights, trade and sustainable development and other legal and horizontal provisions.

EFTA is an important regional group, with several growing opportunities for enhancing international trade in goods and services.

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