India-EFTA Trade and Economic Partnership Agreement (TEPA) 2025
The India-EFTA Trade and Economic Partnership Agreement (TEPA) is a landmark Free Trade Agreement (FTA) set for implementation from October 1, 2025, marking India’s first FTA with the developed nations of the European Free Trade Association (EFTA): Switzerland, Norway, Iceland, and Liechtenstein.
Core Commitments & Scope
- Pioneering Agreement: TEPA is notable as the first trade agreement signed by India to include a firm investment commitment as an integral part of the pact, aiming to balance trade interests with development goals.
- Chapters: The comprehensive agreement spans 14 chapters, covering Goods, Services, Investment Promotion, Intellectual Property Rights (IPR), and Trade and Sustainable Development.
- Investment & Employment: EFTA states have committed to promoting USD 100 billion in Foreign Direct Investment (FDI) into India over the next 15 years, facilitating the creation of 1 million direct jobs in India. This commitment reflects global confidence in the Indian economy.