India Signs $100 Billion Trade Deal with European Nations After 15 Years of Talks
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India signed a $100 billion trade deal with the 4 European Free Trade Association members Switzerland, Norway, Iceland, and Liechtenstein.
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The deal will remove most import tariffs on industrial products traded between India and EFTA countries.
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The deal was signed after 21 rounds of negotiations over 15 years.
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The deal supports Indian PM Modi's economic credentials as he campaigns for re-election.
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India aims to increase annual exports to $1 trillion by 2030; this deal furthers that goal.
