US EditionIt Could Not Have Come at a Better Moment: Swiss State Secretary Budliger on Coming Into Force of India-EFTA Trade Deal.
The agreement includes a $100 billion investment pledge and aims to create one million direct jobs over 15 years, boosting trade between India and EFTA nations.
- On October 1, 2025, the Trade and Economic Partnership Agreement between India and the European Free Trade Association entered into force, linking India with Iceland, Liechtenstein, Norway and Switzerland.
- After over 16 years of negotiations, the India-EFTA TEPA signed on March 10, 2024, includes EFTA investment commitment of $100 billion and aims to create one million direct jobs over 15 years.
- Under the TEPA, India will zero tariffs on 80-85% of goods from EFTA while nearly 99% of India’s exports gain duty-free access, covering 92.2% of tariff lines from EFTA.
- The agreement comes amid steep 50% tariffs from the US, offering exporters diversification, while officials say the TEPA will deepen ties and Indian consumers may see prices fall for Swiss chocolates and wines.
- The deal links a combined GDP of about USD 135 billion and establishes mechanisms like an investment facilitation platform and EFTA Desk for deeper integration, positioning India as a geopolitical bridge to Europe outside the EU.
14 Articles
14 Articles
India-EFTA Trade and Economic Partnership Agreement Comes into Force, to Focus on New Job Opportunities, Sustained Economic Growth
Get latest articles and stories on India at LatestLY. The landmark Trade and Economic Partnership Agreement (TEPA) between India and the EFTA States (Iceland, Liechtenstein, Norway and Switzerland) came into force on Wednesday, representing a significant milestone in the trade and economic relations between the parties. India News | India-EFTA Trade and Economic Partnership Agreement Comes into Force, to Focus on New Job Opportunities, Sustained…
India-EFTA trade deal couldn't have come at better time, it will be like a booster: Swiss State Secretary
The free trade deal between India and the EFTA nations, comprising Switzerland, Norway, Iceland, and Liechtenstein, officially came into effect, promising transformative economic ties. Switzerland's State Secretary Helene Budliger highlighted the pact's significance, including a pledged USD 100 billion investment over 15 years and tariff reductions, emphasizing its long-negotiated nature rather than a response to current global trade disruptions.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
