New-age trade deal

India should focus on bringing technology

Running a race against time, India has managed to sign a trade and investment agreement with the European Free Trade Area (EFTA) prior to the electoral code of conduct coming into force and limiting such announcements. The EFTA is a free-trade area comprising four nations that are on the margins of the larger European Customs union. The four countries — Switzerland, Norway, Liechtenstein, and Iceland — are not the largest economies in the area. But all of them are very high-income countries, and have strong positions in certain supply chains. In the world of finance, for example, both Switzerland (through