India, EFTA to conclude free trade pact in one year
India on Tuesday said it wants to conclude a Free Trade Agreement with a smaller four-nation European Free Trade Association (EFTA) within a year, even as its ambitious trade pact with the European Union seems to have run into differences. "Negotiations on the FTA will be commencing shortly. We believe that we will be able to conclude the EFTA trade agreement within one year," Commerce and Industry Minister Kamal Nath said in New Delhi after meeting Swiss Federal Counsellor Doris Leuthard.
