51 mins ago
Norway Says India Trade Rises One Year After TEPA Pact
India and Norway made a trade agreement with three other European countries.
The agreement started on 1 October 2025.
Norway says businesses are already showing more interest in trading with India.
Norwegian salmon became cheaper to import because its tariff fell to zero.
As a result, salmon shipments to India increased sharply.
Other Norwegian seafood may become more common as its tariffs fall.
The agreement also aims to encourage investment and create jobs in India.
Officials will meet in New Delhi to discuss how the agreement is working.
Norway says trade with India has increased since the India-EFTA Trade and Economic Partnership Agreement took effect.
The agreement began on 1 October 2025 and connects India with Iceland, Liechtenstein, Norway and Switzerland.
Frozen Norwegian salmon tariffs fell to zero when the pact began, while other seafood tariffs are being reduced gradually.
Norwegian salmon exports to India rose 141% to 361 tonnes from January through August, with value increasing 143% to NOK 26.2 million.
India will host a Prosperity Summit in New Delhi to review the agreement’s implementation with representatives from India and EFTA countries.
- Who
- India, Norway and the other European Free Trade Association states—iceland, Liechtenstein and Switzerland—are involved, with officials including Ambassador May-Elin Stener and Swiss President Guy Parmelin mentioned.
- What
- The India-EFTA Trade and Economic Partnership Agreement is increasing trade interest and has boosted Norwegian salmon exports to India.
- Where
- The trade concerns India and the European Free Trade Association countries, with the implementation review scheduled in New Delhi.
- When
- The agreement took effect on 1 October 2025; salmon export figures cited cover January through August, and a review summit is planned for the following week.
- Why
- The agreement is intended to reduce tariffs, expand market access, promote $100 billion in EFTA investment in India over 15 years and help create one million jobs.
Key facts
- Agreement
- India-EFTA Trade and Economic Partnership Agreement (TEPA)
- Effective date
- 1 October 2025
- EFTA investment aim
- $100 billion in India over 15 years
- Employment aim
- One million jobs
- Salmon export growth
- Exports rose 141% to 361 tonnes from January through August
- Salmon export value
- Value rose 143% to NOK 26.2 million, approximately Rs 265 million
- Tariff schedule
- Frozen Norwegian salmon tariffs fell to zero at the start of the agreement; remaining salmon categories are due to reach zero by 2029
- Review meeting
- India will host a Prosperity Summit in New Delhi the following week
Quotes
May-Elin Stener
Norwegian ambassador to India
“Of the Norwegian seafood coming into India, most of it is salmon. When tariffs of other Norwegian seafood are gradually coming down, we hope there will be more variety.”
wionews.com
“Norway is a small country. We firmly believe in a rules-based world trade. We are very happy that India is also looking to have more trade treaties.”
wionews.com
Sources
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