IndiaPosted at: Oct 11 2025 3:13PM


India-EFTA trade pact takes effect, set to unlock USD100 billion investment and 1 mllion Jobs

New Delhi, Oct 11 (UNI) The India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) officially that came into force on October 1, marks a historic milestone as India’s first Free Trade Agreement with four developed European countries—Switzerland, Norway, Iceland, and Liechtenstein.
The TEPA is set to unlock USD100 billion in investments and generate 1 million direct jobs in India over the next 15 years, making it one of the most ambitious trade agreements in the country’s economic history. The pact is expected to significantly boost India’s exports across sectors such as agriculture, marine products, electronics, and textiles.
Key features of the agreement include tariff concessions on 92.2 percent of tariff lines from EFTA, covering 99.6 percent of India’s exports. The EFTA countries have pledged to increase foreign direct investment (FDI) in India by USD 50 billion in the first decade, followed by another
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