India earlier this month signed a trade and economic partnership deal with the European Free Trade Association, which is expected to expand market access between the two sides and simplify customs procedures. The deal will make it “easier for Indian and EFTA businesses to expand their operations in the respective markets,” said the EFTA, which includes Iceland, Liechtenstein, Norway and Switzerland.

The U.S. this week sanctioned six entities, one person and two tankers that have helped ship goods and facilitate financial transactions on behalf of the Iranian military, the Iran-backed Houthis and Hezbollah. The Office of Foreign Assets Control said they are tied to sanctioned Houthi financial facilitator Sa’id al-Jamal (see 2403060017).

India and the U.S. told the World Trade Organization that they reached a solution in the U.S. dispute on India's tariff measures on certain agricultural products, the WTO announced. India and the U.S. resolved six other disputes last year (see 2306230038), the WTO noted.