Brief by Shorts91 Newsdesk / 02:04pm on 19 Jul 2025,Saturday India
India’s Trade and Economic Partnership Agreement (TEPA) with European Free Trade Association (EFTA) nations—Switzerland, Norway, Iceland and Liechtenstein—will officially launch on October 1, 2025, announced Commerce Minister Piyush Goyal . After nearly 16 years of negotiations, India secured a binding commitment of US $100 billion in foreign direct investment over 15 years, aimed at generating approximately one million jobs . The pact opens high‑value European goods—like Swiss watches, chocolates, diamonds—to Indian markets via reduced or zero tariffs, and liberalises over 100 service‑subsectors . Alongside, a dedicated India‑EFTA Desk will facilitate investment and trade operations, marking a major advance in economic diplomacy and India’s integration into premium European value chains. (PC: PTI)
