India’s $100 billion European Free Trade Association cheque is slow to clear as Vietnam joins the club

India's efforts to secure a free trade agreement with the European Free Trade Association are moving at a slower pace than expected, with a potential deal valued at $100 billion. This delay comes as Vietnam has recently joined EFTA, expanding its trade network and increasing competition for Indian exports. The slow progress of India's negotiations with EFTA may impact its ability to enhance exports to these markets, potentially affecting its economic growth and trade competitiveness. As a result, India's trade strategy and economic prospects remain uncertain.

Why it matters

India's interaction with the European Free Trade Association has been slow to progress, while Vietnam has recently signed a free trade agreement with the association. This could give Vietnam a trade advantage over India.

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