India signs trade accord with four European nations for $100 billion investment over 15 years

This handout photograph taken and released by the Indian Press Information Bureau (PIB) on March 10, 2024 shows Piyush Goyal (2R), India's Minister of Commerce and Industry, Consumer Affairs, Textiles, Food and Public Distribution addressing diplomats at the signing ceremony of Trade and Economic Partnership Agreement (TEPA) between India and European Free Trade Association (EFTA) in New Delhi. (AFP/File)
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Updated 11 March 2024
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India signs trade accord with four European nations for $100 billion investment over 15 years

  • India signs trade agreement with Iceland, Liechtenstein, Norway and Switzerland to create one million direct jobs in India
  • Agreement includes trade in goods and services, investment promotion, cooperation, intellectual property

NEW DELHI: India signed a trade agreement with Iceland, Liechtenstein, Norway and Switzerland on Sunday that includes a commitment of $100 billion in investments and creating 1 million direct jobs in India in the next 15 years.

India committed to reducing import tariffs on industrial products from the four European countries that comprise the European Free Trade Association, or EFTA.

“The landmark agreement between India and EFTA is set to bring significant economic benefits, such as better integrated and more resilient supply chains, new opportunities for businesses and individuals on both sides leading to increased trade and investment flows, job creation, and economic growth,” an EFTA communique said.

India’s Commerce and Industry Minister Piyush Goyal said India for the first time had signed an agreement with an important economic bloc in Europe. India is also working on trade pacts with Britain and the European Union.

The agreement includes trade in goods and services, investment promotion and cooperation, intellectual property, government procurement, trade and sustainable development, and dispute settlement. It will provide a window for Indian exporters to access European and global markets, Goyal said in a statement.

The agreement was signed in New Delhi by Goyal, his Swiss counterpart Guy Parmelin, Iceland’s Foreign Minister Bjarni Benediktsson, Liechtenstein’s Foreign Minister Dominique Hasler, and Norway’s Trade and Industry Minister Jan Christian Vestre.

Parmelin, speaking on behalf of the EFTA member states, said that “EFTA countries gain market access to a major growth market. Our companies strive to diversify their supply chains while rendering them more resilient. India, in return, will attract more foreign investment fro


Immigration agents draw guns, arrest activists following them in Minneapolis

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Immigration agents draw guns, arrest activists following them in Minneapolis

MINNEAPOLIS: Immigration officers with guns drawn arrested some activists who were trailing their vehicles on Tuesday in Minneapolis, a sign that tensions have not eased since the departure last week of a high-profile commander.
At least one person who had an anti-ICE message on clothing was handcuffed while face-down on the ground. An Associated Press photographer witnessed the arrests.
Meanwhile, Tuesday was the deadline for the Minnesota governor, state attorney general and the mayors of Minneapolis and St. Paul to produce documents to a federal grand jury in response to a Justice Department request for records of any effort to stifle the Trump administration’s immigration crackdown. Officials have denounced it as a bullying tactic.
Federal agents in the Twin Cities lately have been conducting more targeted immigration arrests at homes and neighborhoods, rather than staging in parking lots. The convoys have been harder to find and less aggressive. Alerts in activist group chats have been more about sightings than immigration-related detainments.
Several cars followed officers through south Minneapolis after there were reports of them knocking at homes. Officers stopped their vehicles and ordered activists to come out of a car at gunpoint. Agents told reporters at the scene to stay back and threatened to use pepper spray.
There was no immediate response to a request for comment from the Department of Homeland Security and Immigration and Customs Enforcement.
A federal judge last month put limits on how officers treat motorists who are following them but not obstructing their operations. Safely following agents “at an appropriate distance does not, by itself, create reasonable suspicion to justify a vehicle stop,” the judge said. An appeals court, however, set the order aside.
Border Patrol commander Greg Bovino, who was leading an immigration crackdown in Minneapolis and other big US cities, left town last week, shortly after the fatal shooting of Alex Pretti, the second local killing of a US citizen in January.
Trump administration border czar Tom Homan was dispatched to Minnesota instead. He warned that protesters could face consequences if they interfere with officers.
Grand jury seeks communications, records
Minneapolis Mayor Jacob Frey’s office said it was complying with a grand jury subpoena requesting documents about the city’s response to Operation Metro Surge, but it released no other details.
“We have done nothing wrong and have nothing to hide, but when the federal government weaponizes the criminal justice system against political opponents, it’s important to stand up and fight back,” spokesperson Ally Peters said.
Other state and local offices run by Democrats were given similar requests. People familiar with the matter have told the AP that the subpoenas are related to an investigation into whether Minnesota officials obstructed enforcement through public statements.
No bond for man in Omar incident
Elsewhere, a man charged with squirting apple cider vinegar on Democratic US Rep. Ilhan Omar will remain in jail. US Magistrate Judge David Schultz granted a federal prosecutor’s request to deny bond to Anthony Kazmierczak.
“We simply cannot have protesters and people — whatever side of the aisle they’re on — running up to representatives who are conducting official business, and holding town halls, and assaulting them,” Assistant US Attorney Benjamin Bejar said Tuesday.
Defense attorney John Fossum said the vinegar posed a low risk to Omar. He said Kazmierczak’s health problems weren’t being properly addressed in jail and that his release would be appropriate.
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Raza reported from Sioux Falls, South Dakota. AP reporters Ed White in Detroit and Hannah Fingerhut in Des Moines, Iowa, contributed.