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'Balanced Deal': Swiss State Secy, Norway's Envoy React As India-EFTA Trade Deal Comes Into Effect

📅 Unknown 🕐 Scraped: October 01, 2025

Summary: he India-EFTA Trade and Economic Partnership Agreement (TEPA) takes effect, reducing tariffs on 92.2% of Indian goods. The pact, signed last year, covers Switzerland, Norway, Iceland, and Liechtenstein, and aims to boost trade and investment. EFTA commits $100 billion in investments over 15 years, targeting sectors like technology, manufacturing, textiles, leather, and food. Swiss official Helene Budliger Artieda called the launch day auspicious and expects the deal to create one million jobs in India. Norwegian Ambassador May-Elin Stener highlighted growing Norway-India trade, which could more than double in a decade, with Norwegian firms investing in energy and maritime technology. The agreement also lowers tariffs on Norwegian salmon, benefiting Indian consumers. FICCI’s Jyoti Vij said the pact supports "Make in India" and will strengthen industry growth, aided by reforms such as GST 2.0.

he India-EFTA Trade and Economic Partnership Agreement (TEPA) takes effect, reducing tariffs on 92.2% of Indian goods.

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