New Free Trade Agreement Between EFTA and India, Hong Kong

The Free Trade Agreement between EFTA (Europeand Free Trade Association) member states and India as well as the Chinese Hong Kong special economic zone that has been entered into on 24 June 2012 is coming into effect today. The FTA (Free Trade Agreement) will  enhance the economic ties and also promote trade and investment between the two sides.

EFTA covers a wider area than the EEC and has largely become a separate organisation alongside the ubiquitous “European Union”. EFTA member states include Iceland, Liechtenstein, Norway and Switzerland.

With its implications for trading diamonds and precious metals, the FTA is expected to offer interesting new markets for precious metals and physical bullion traders making use of EFTA member country Norway’s tax-free bullion coins and related trading opportunities in these vast and for gold and silver bullion traditionally important markets.