The European Free Trade Association (EFTA) is a regional trade organization and free trade area consisting of four European countries: Iceland, Liechtenstein, Norway, and Switzerland. These countries are not part of the European Union (EU). From the given list: A. Liechtenstein - Member of EFTA. (Correct) B. Norway - Member of EFTA. (Correct) C. Sweden - Member of the European Union, not EFTA. (Incorrect) D. Denmark - Member of the European Union, not EFTA. (Incorrect) E. Iceland - Member of EFTA. (Correct) Therefore, the EFTA members from the list are Liechtenstein (A), Norway (B), and Iceland (E). Option C lists A, B, and E.
India recently resumed talks with EFTA countries for TEPA (Trade and Economic Partnership Agreement). Which of the following countries are members of EFTA (European Free Trade Association) association? A. Liechtenstein B. Norway C. Sweden D. Denmark E. Iceland
Asked in KPSC KAS Prelims 2024 · Topic: Trade Balance and Trade Deficit/Surplus (Role of Global Economic Conditions and Geopolitical Factors on Trade Balance)
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