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India and EFTA Trade and Economic Partnership Agreement (TEPA) Comes into Force.

International | Dated: 19 Dec 2025

The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) nations has officially come into force. The agreement, signed earlier in 2024, aims to attract $100 billion in investments into India from EFTA countries over the next 15 years.

🎯 Key Highlights:

  • EFTA comprises four non-EU countries: Switzerland, Norway, Iceland, and Liechtenstein.
  • Under the pact, India has offered duty concessions on Swiss watches, chocolates, and select machinery products.
  • In return, Indian professionals will get easier access to service sector visas in these nations.

💡 Other Important Facts:

  • Agreement: TEPA (Trade & Economic Partnership).
  • Goal: $100 Billion Investment.
  • Members: Switzerland, Norway, Iceland, Liechtenstein.

📚 Test Your Knowledge:

The India-EFTA Trade and Economic Partnership Agreement (TEPA) aims to attract what amount of investment into India over 15 years?

Correct Answer: $100 Billion

🚀 Quick Recap:

About EFTA

  • Member States – 4
  • Established – 1960