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India-EFTA Trade Partnership to Launch on October 1 After Final Ratification

All four EFTA states lodged ratifications in mid-July, enabling the pact to go live on October 1; it will debut a single-window India-EFTA Desk.

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Overview

  • The Trade and Economic Partnership Agreement will officially take effect on October 1, 2025, following the submission of ratification instruments by Iceland, Liechtenstein, Norway and Switzerland.
  • EFTA has pledged to invest $100 billion in India over the next 15 years, split evenly between the first 10 years and the subsequent five years.
  • The investment commitment is projected to facilitate the creation of one million direct jobs in India.
  • EFTA will open over 92 percent of its tariff lines to Indian exports, while India will cut or eliminate duties on 82.7 percent of its tariff lines for EFTA products such as Swiss watches and chocolates.
  • A Dedicated India-EFTA Desk has been established as a single-window platform to streamline trade, investment and private-sector partnerships under the new agreement.