India, March 12 -- Bringing to life the 'Better late than never' adage, India and the European Free Trade Association (EFTA) have sealed a groundbreaking agreement after 16 long years of negotiation. The $100bn treaty with the four-member European bloc --- comprising Switzerland, Norway, Liechtenstein and Iceland --- marks a significant milestone in bilateral trade relations. As part of the deal, India will lift most import tariffs on industrial products from these countries in return for investment over 15 years. The agreement, termed 'watershed' by analysts and Prime Minister Narendra Modi himself, includes trade in goods, services, investments and intellectual property rights. It aims to dismantle trade barriers, streamline regulatory ...