Overview

• India-EFTA TEPA, signed in March 2024, is set to take effect by September with Switzerland’s ratification expected by October 2025.
• The agreement includes a $100 billion investment pledge from EFTA nations over 15 years to deepen capital flows into India.
• EFTA members Norway, Iceland and Liechtenstein have completed parliamentary approvals while Switzerland’s objection period runs until July 10.
• Duty cuts under the pact will cover products such as Swiss watches, chocolates and cut-and-polished diamonds to boost bilateral trade volumes.
• Concurrently, India is advancing free-trade talks with the EU and aims to finalize an interim bilateral deal with the US by the end of June.