US EditionIndia to Operationalize First Trade Pact with EFTA Bloc From October 1: Piyush Goyal - The Statesman
The Trade and Economic Partnership Agreement includes a $100 billion investment pledge over 15 years and aims to create one million jobs in India, officials said.
- On October 1, 2025, India will operationalise the Trade and Economic Partnership Agreement with the European Free Trade Association at a formal launch at Bharat Mandapam, New Delhi.
- After procedural clearances delayed implementation, talks that began in 2008 and after 21 negotiation rounds the deal was sealed on March 10, 2024, Goyal said.
- India agreed to cut tariffs to zero on 80-85 percent of imports from EFTA, while exporters gain duty-free access for 99 percent of goods, supported by a $100 billion investment pledge over 15 years.
- Sensitive sectors such as agriculture and dairy were excluded from tariff concessions to protect farmers, while Indian consumers will see lower duties on Swiss watches, whisky and chocolates, with gold import duties unchanged.
- Trade is heavily skewed toward imports from Switzerland at $22.44 billion, with exports of $1.97 billion leaving a trade deficit of $20.47 billion despite EFTA's low tariffs.
17 Articles
17 Articles
Times of India
The Economic TimesIndia’s first Europe-facing trade pact comes into effect on October 1
India's landmark trade agreement with the European Free Trade Association (EFTA) bloc becomes operational on October 1. This first-ever pact with a European grouping includes a significant $100 billion investment pledge from EFTA nations over 15 years, aiming to create one million jobs.
India-EFTA trade pact: Swiss wines, apparels, watches to get cheaper in India
New Delhi, Sep 30 (PTI) As the free trade agreement between India and four European nations EFTA will come into effect from Wednesday, several Swiss products like wines, chocolates, apparel, and watches will become cheaper in the domestic market.On the other hand, Indian labour-intensive sectors, such as certain agri goods like tea and coffee, fruits, processed, textiles, marine products, leather, sports goods, toys, and gems and jewellery, will…
India-EFTA trade pact aims $100 billion investment, 1 million direct jobs from Oct 1
New Delhi, Sep 30 (IANS) As the India-European Free Trade Association (EEFTA) Trade and Economic Partnership Agreement (TEPA) comes into effect from October 1, the India-EFTA Desk has been inaugurated… Continue reading India-EFTA trade pact aims $100 billion investment, 1 million direct jobs from Oct 1 The post India-EFTA trade pact aims $100 billion investment, 1 million direct jobs from Oct 1 first appeared on Australia India News.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
