Q1. Consider the following statements regarding the European Free Trade Association (EFTA) and India: 1. Norway is a member of EFTA. 2. EFTA signed the Trade and Economic Partnership Agreement (TEPA) with India committing an investment target of USD 100 billion over 15 years. Which of the statements given above is/are correct?
Explanation
Both statements are correct. Norway, along with Iceland, Liechtenstein and Switzerland, is a member of EFTA. EFTA signed the Trade and Economic Partnership Agreement (TEPA) with India, committing an investment target of USD 100 billion in India over 15 years.
