Archive · 1 Oct 2025
India-EFTA Trade Pact: Boosts Exports, Brings Investments
India has started a new trade agreement with Switzerland, Norway, Liechtenstein, and Iceland (EFTA).
This means it should be easier for India to sell goods to these countries and for businesses in those countries to invest in India.
India hopes to get $100 billion in investments and create one million jobs.
Tariffs will be reduced, making some imported products like wine and coffee cheaper.
The agreement is expected to help Indian exporters and bring in investments for manufacturing.
India's trade pact with EFTA (Switzerland, Norway, Liechtenstein, Iceland) comes into effect.
The agreement aims to diversify India's export markets.
EFTA will facilitate $100 billion in FDI into India over 15 years.
The agreement will create 1 million direct jobs in India.
Indian exporters in sectors like machinery and textiles will benefit.
- Who
- India and EFTA (Switzerland, Norway, Liechtenstein, and Iceland)
- What
- Implementation of the Trade and Economic Partnership Agreement (TEPA)
- When
- From today
- Where
- India and EFTA countries
- Why
- To diversify export markets, boost trade and investment
- Trade Agreement
- TEPA (Trade and Economic Partnership Agreement)
- EFTA Members
- Switzerland, Norway, Liechtenstein, Iceland
- Investment Commitment
- $100 billion over 15 years
- Job Creation
- 1 million direct jobs in India
- India's Exports to EFTA
- 99.6% of exports benefit
- India's Imports from EFTA
- 95.3% of imports benefit
Sources
India-EFTA trade deal kicks in Oct 1: Swiss watches, chocolates to cost less
India's Trade Pact With 4 European Nations From Oct 1, $100 Billion Investment In 15 Years
EFTA trade pact effective today: Investment, services major gains for India
Swiss chocolates, watches to be cheaper in India tomorrow onwards as new FTA comes into force
India’s EFTA pact is wide-ranging and therefore all the more welcome
Cheaper Swiss medicines, wines coming at a store near you
Explainer: India’s free trade agreement with EFTA bloc
