“This Agreement holds great significance for Iceland’s trade and economic relations with Asia, creating a solid foundation for future trade with India,” says Minister Benediktsson. “Moreover, it strengthens the political ties between Iceland and India, the world’s most populous democracy, with the fifth-largest economy globally, which is continuously growing.”The Agreement was signed by Shri Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles of India; Guy Parmelin, Swiss Federal Councillor and Head of the Federal Department of Economic Affairs, Education and Research; Bjarni Benediktsson, Minister of Foreign Affairs, Iceland; Dominique Hasler, Minister of Foreign Affairs, Liechtenstein, and Jan Christian Vestre, Minister of Trade and Industry, Norway.
This comprehensive agreement covers key areas – including market access for goods and services – that will facilitate more trade, investment and economic cooperation between Iceland and India.
A new Trade and Economic Partnership Agreement between the EFTA states— Iceland, Liechtenstein, Norway, and Switzerland – and India was signed in New Delhi on Sunday 10 March 2024. Foreign Minister Bjarni Benediktsson signed the agreement on Iceland’s behalf.
Further information on the Agreement can be found here.
