In a significant update on India’s Free Trade Agreements (FTAs), Hon’ble Commerce & Industry Minister Shri Piyush Goyal recently announced at a public gathering that:
All four member countries have ratified the India-EFTA TEPA.
The necessary documents have been deposited with the official repository—Norway—and the Trade and Economic Partnership Agreement (TEPA) is set to come into force from October 1, 2025.
The India-EFTA TEPA was originally signed on March 10, 2024, marking a landmark partnership between India and the European Free Trade Association (EFTA) nations—Switzerland, Norway, Iceland, and Liechtenstein.
With procedural formalities now complete, this agreement is poised to be a major trade catalyst, opening new doors for economic cooperation, investment, and cross-border opportunities between India and the EFTA bloc.
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