Switzerland and Norway could invest $100 billion in India
Sixteen years of negotiations are coming to an end as India is concluding a first-of-its-kind trade agreement with Switzerland, Norway, Iceland and Liechtenstein, reported Bloomberg. These countries form the European Free Trade Association (EFTA), which agreed to invest in India as part of a free trade deal, in exchange for easier access to the world's most populous nation, a market of 1.4 billion people. The unusual feature of this Free Trade Agreement (FTA) is that it comes with investment guarantees, however, how binding they are, is still a question for the final talks. According to the re...