Which of the following is correct regarding the European Free Trade Association (EFTA)?
1
EFTA countries are Switzerland, Iceland, Norway and Liechtenstein.
2
India and European Free Trade Association (EFTA) signed Trade and Economic Partnership Agreement (TEPA) in February, 2024.
3
A key highlight of the TEPA is that the EFTA has committed to promote investments with the aim to increase the stock of foreign direct investment by USD 150 billion in India in the next 10 years, and to facilitate the generation of 1.2 million direct employment in India.
4
EFTA is an inter-governmental organization setup in 1970 for the promotion of free trade and economic integration for the benefit of its four Member States.