🇮🇳🤝🇨🇭 India–EFTA Trade & Economic Partnership Agreement (TEPA)
Effective: October 1, 2025
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🌍 Partners
- India
- EFTA: Switzerland, Norway, Iceland, Liechtenstein
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📜 Timeline
- Signed: March 10, 2024
- Launch: Sept 30, 2025 (New Delhi)
- In force: Oct 1, 2025
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💰 Investment
- $100B investment over 15 years
- $50B in first 10 years, $50B in next 5
- 1M direct jobs expected
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📦 Tariff & Market Access
EFTA to India
- Remove tariffs on 92.2% of lines
- Covers 99.6% of India’s exports
- Full access for non-agri goods
- Concessions on some processed foods
India to EFTA
- Liberalisation on 82.7% of lines
- Covers 95.3% of EFTA exports
- Excludes dairy, soya, coal, some agri items
- Gold excluded from duty cuts
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🛍️ Consumer Impact
- Cheaper imports: Swiss watches, chocolates, whisky, bicycles, electronics, olive oil, biscuits, coffee, mineral water, pharma
- Tariff cuts phased over 10 years
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👩💼 Services
- Easier mobility for Indian professionals in nursing, accountancy, architecture
- Mutual Recognition Agreements to simplify qualifications
---
⚖️ Safeguards
- Stronger IPR framework
- India blocked “evergreening” of pharma patents → protects generics
---
🌱 Sustainability
- First Indian FTA with binding commitments on:
- Labour rights
- Environment
- Human rights
---
📊 Trade Snapshot (FY25)
- India exports to EFTA: ~$2B
- Imports from EFTA: ~$22.4B (gold, machinery, pharma)
- Investment pledge balances deficit
---
🔑 Why It Matters
- India’s first FTA with a European bloc
- Unlocks $100B investment + 1M jobs
- Boosts MSMEs, women-led businesses, exporters
- Strengthens India’s global trade role
---
✨ From Oct 1, 2025, India gains near-total duty-free access to EFTA, while consumers enjoy cheaper imports. In return, EFTA commits massive investments, making this a strategic partnership, not just a trade deal.
Effective: October 1, 2025
---
🌍 Partners
- India
- EFTA: Switzerland, Norway, Iceland, Liechtenstein
---
📜 Timeline
- Signed: March 10, 2024
- Launch: Sept 30, 2025 (New Delhi)
- In force: Oct 1, 2025
---
💰 Investment
- $100B investment over 15 years
- $50B in first 10 years, $50B in next 5
- 1M direct jobs expected
---
📦 Tariff & Market Access
EFTA to India
- Remove tariffs on 92.2% of lines
- Covers 99.6% of India’s exports
- Full access for non-agri goods
- Concessions on some processed foods
India to EFTA
- Liberalisation on 82.7% of lines
- Covers 95.3% of EFTA exports
- Excludes dairy, soya, coal, some agri items
- Gold excluded from duty cuts
---
🛍️ Consumer Impact
- Cheaper imports: Swiss watches, chocolates, whisky, bicycles, electronics, olive oil, biscuits, coffee, mineral water, pharma
- Tariff cuts phased over 10 years
---
👩💼 Services
- Easier mobility for Indian professionals in nursing, accountancy, architecture
- Mutual Recognition Agreements to simplify qualifications
---
⚖️ Safeguards
- Stronger IPR framework
- India blocked “evergreening” of pharma patents → protects generics
---
🌱 Sustainability
- First Indian FTA with binding commitments on:
- Labour rights
- Environment
- Human rights
---
📊 Trade Snapshot (FY25)
- India exports to EFTA: ~$2B
- Imports from EFTA: ~$22.4B (gold, machinery, pharma)
- Investment pledge balances deficit
---
🔑 Why It Matters
- India’s first FTA with a European bloc
- Unlocks $100B investment + 1M jobs
- Boosts MSMEs, women-led businesses, exporters
- Strengthens India’s global trade role
---
✨ From Oct 1, 2025, India gains near-total duty-free access to EFTA, while consumers enjoy cheaper imports. In return, EFTA commits massive investments, making this a strategic partnership, not just a trade deal.
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