The India–EFTA Trade and Economic Partnership Agreement (TEPA) has officially entered into force, marking a historic milestone in India’s international trade and investment landscape. The agreement is expected to unlock $100 billion in investments and create one million direct jobs in India over the next 15 years.
Signed between India and the European Free Trade Association (EFTA) — comprising Switzerland, Norway, Iceland, and Liechtenstein — TEPA represents a new-generation trade deal that combines market access with firm investment commitments. This is the first trade agreement of its kind where investment obligations form a central pillar, ensuring balanced and mutually beneficial growth.
The agreement covers a broad range of sectors, including clean energy, life sciences, artificial intelligence, education, tourism, precision engineering, and MSMEs, promoting innovation-driven partnerships. It also provides a framework for standards cooperation, MSME outreach, technology transfer, and skill development, creating a more predictable and transparent business environment.
By facilitating smoother trade flows, fostering innovation, and enhancing investor confidence, TEPA is expected to deepen India’s integration with European economies while supporting India’s long-term growth vision under Atmanirbhar Bharat.
