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      Question

      Under the TEPA agreement, India will reduce tariffs to

      zero on approximately what percentage of EFTA goods?
      A 70–75% Correct Answer Incorrect Answer
      B 80–85% Correct Answer Incorrect Answer
      C 90–95% Correct Answer Incorrect Answer
      D 60–65% Correct Answer Incorrect Answer
      E 50–55% Correct Answer Incorrect Answer

      Solution

      The TEPA framework includes India reducing tariffs to zero on 80–85% of EFTA-origin goods, while gaining duty-free access for 99% of its exports to EFTA countries. However, agricultural and dairy products are excluded to protect domestic farmers.

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