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4h ago

India–EFTA Trade Pact Enters Into Force With $100 Billion Investment Pledge, 1 Million Jobs Target

The pact is India's first with the four EFTA states, featuring binding commitments on investment that include a jobs target.

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EFTA
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Overview

  • The Trade and Economic Partnership Agreement took effect on October 1, 2025, following its signing on March 10, 2024.
  • EFTA governments have pledged $50 billion in the first 10 years and another $50 billion over the subsequent five years, with a focus on renewable energy, life sciences, engineering and digital transformation.
  • EFTA offers tariff concessions on 92.2% of lines covering 99.6% of India’s exports, while India opens 82.7% of lines covering 95.3% of EFTA exports with safeguards for dairy, soya, coal and select farm goods.
  • Services access expands across 105 sub‑sectors, supported by Mutual Recognition Agreements in nursing, accountancy and architecture to ease professional mobility.
  • A dedicated India–EFTA Desk, operational since February 2025, acts as a single‑window platform to channel investment and promote collaborations, including for SMEs.