Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal, concluded a highly successful meeting with a delegation from the European Free Trade Association (EFTA), led by the Swiss State Secretary for Economic Affairs, Helene Budliger Artieda. The meeting took place in London from July 11 to July 12, 2023. Ms. Helene Budliger Artieda was also accompanied with the industry stakeholders from Pharmaceutical, Machinery and Electronics of EFTA states.

The deliberations between the Minister Piyush Goyal and State Secretary Helene Budliger Artieda were fruitful and detailed discussions on crucial issues, with the shared goal of swiftly concluding the Trade and Economic Partnership Agreement (TEPA) negotiations. The primary objective of these negotiations is to establish a fair, mutually beneficial, and comprehensive trade deal between India and EFTA.

Over the past few months, India and EFTA have significantly intensified their engagement, highlighting the commitment of both parties to achieving an early conclusion to the TEPA negotiations. The meeting in London further bolstered this commitment, with both sides demonstrating a strong willingness to progress towards a final agreement.

Minister Piyush Goyal expressed his satisfaction with the progress made during the meeting, highlighting the constructive and collaborative nature of the discussions. He emphasized the importance of a comprehensive trade deal that addresses the needs and aspirations of both India and EFTA, fostering closer economic ties and promoting sustained growth.

State Secretary Helene Budliger Artieda echoed Minister Goyal's sentiments and commended the Indian government's proactive approach and expressed confidence in the positive outcomes that can be realized through a comprehensive TEPA.

The successful meeting in London added further momentum to the ongoing negotiations between India and EFTA. Both sides have reaffirmed their commitment to expedite the conclusion of the TEPA, recognizing the potential for enhanced economic cooperation and trade between the two regions. The successful conclusion of the TEPA will set the stage for a new deeper economic collaboration, driving growth and prosperity for both India and EFTA.

Trade and Economic Partnership Agreement negotiations advanced as India and EFTA commit to a swift, comprehensive trade deal. Negotiations between India and EFTA concentrated on accelerating conclusion of the Trade and Economic Partnership Agreement through high-level discussions; officials and industry stakeholders addressed market access, regulatory concerns, and mechanisms for a balanced, comprehensive trade framework, reaffirming reciprocal commitment to expedite negotiations and deepen bilateral economic cooperation.