The Trade and Economic Partnership Agreement (TEPA), signed in March 2024 between India and the European Free Trade Association (EFTA) countries, is poised to unlock new opportunities for Indian exports and drive investments worth $100 billion. According to the Ministry of Commerce and Industry, the agreement, designed to enhance bilateral trade and investment, covers a wide spectrum of goods, services, and sectors, ensuring a mutually beneficial partnership. Sunil Barthwal, Secretary, Department of Commerce, Ministry of Commerce and Industry, led a high-level delegation visited Norway on November 22, to further advance the objectives of TEPA.
His visit aimed to secure early implementation of the $100 billion investment commitment and boost market access for Indian goods and services across EFTA member countries–Norway, Switzerland, Iceland, and Liechtenstein. TEPA is a modern, ambitious trade agreement providing market access to 99.6 per cent of Indian exports, with EFTA countries offering concessions on 92.2 per cent of their tariff lines. This includes complete tariff elimination on non-agricultural products and substantial concessions on processed agricultural products. In return, India has committed to 82.7 per cent of its tariff lines, covering 95.3 per cent of EFTA exports.
The agreement is also set to stimulate India’s service exports in sectors such as IT, business, education, audio-visual, and cultural services. Enhanced access is provided through digital delivery (Mode 1), commercial presence (Mode 3), and temporary mobility of key personnel (Mode 4). TEPA is expected to bolster domestic manufacturing and support key initiatives like Make in India and Atmanirbhar Bharat. The agreement encourages investments in infrastructure, manufacturing, pharmaceuticals, chemicals, food processing, banking, and financial services. It also fosters job creation for India’s youth, along with enhanced vocational and technical training opportunities over the next 15 years. Additionally, TEPA facilitates technological collaboration, granting access to advanced technologies in precision engineering, health sciences, renewable energy, and research and development.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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