| Key Aspect | Details |
|---|---|
| Event | EFTA-India Trade and Economic Partnership Agreement (TEPA) operationalizes |
| Effective Date | October 1, 2025 |
| Countries Involved | Switzerland, Norway, Iceland, Liechtenstein |
| Highlights | First FTA with a European bloc; $100 billion investment commitment; 1 million jobs expected |
| Investment Commitment | $100 billion over 15 years |
| Key Benefits | Tariff reductions, market access in services, investment facilitation |
| Focus Areas | Technology transfer, innovation, skills development |
| Sectors Benefiting | Pharmaceuticals, textiles, gems & jewellery, auto components, chemicals |
| Strategic Importance | Deepens ties with high-income markets, diversifies export destinations |
| Challenges | Sensitive sectors like agriculture protected; potential trade imbalances |
| Alignment with Goals | Supports India's $5 trillion economy goal and global manufacturing hub vision |
| Related FTAs | Recent FTAs with UAE, Australia; ongoing talks with EU, US, New Zealand, Oman, Chile |
Workflow
Login