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India has signed a Trade and Economic Partnership Agreement (TEPA) with EFTA, which is a regional group consisting of four countries. Which one of the following countries is not a member of this group?
Explanation
India signed the Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) on March 10, 2024 [2]. EFTA is an intergovernmental organization currently consisting of four member states: Iceland, Liechtenstein, Norway, and Switzerland [5]. While England (as part of the United Kingdom) was a founding member of EFTA in 1960, it left the association in the early 1970s to join the European Economic Community (EEC) [4]. Today, the UK is considered a separate economic block from both the EU and EFTA [3]. The TEPA agreement specifically targets the four current EFTA nations, offering significant tariff reductions and investment commitments of USD 100 billion over 15 years [3]. Therefore, England is not a member of the group that signed the TEPA with India.
Sources
- [1] https://en.wikipedia.org/wiki/India%E2%80%93EFTA_Free_Trade_Agreement
- [2] https://www.pib.gov.in/PressReleasePage.aspx?PRID=2177724
- [5] History , class XII (Tamilnadu state board 2024 ed.) > Chapter 15: The World after World War II > EEC in Session > p. 257
- [4] https://www.bbc.com/news/articles/cgmzp1z18wmo
- [3] https://static.pib.gov.in/WriteReadData/specificdocs/documents/2025/oct/doc20251011663301.pdf