India-EFTA Trade and Economic Partnership Agreement (TEPA)
The India-EFTA Trade and Economic Partnership Agreement (TEPA) was signed on 10 March 2024 between India and the four EFTA (European Free Trade Association) member states: Switzerland, Norway, Iceland, and Liechtenstein. TEPA is notable as India's first free trade agreement (FTA) with developed nations in Europe, and includes a landmark commitment of $100 billion in investment from EFTA countries into India over 15 years, with associated job creation targets of one million direct employment. Unlike EU FTAs, TEPA grants India preferential access to EFTA markets without requiring reciprocal EU-level liberalization. TEPA covers goods, services, investment, intellectual property, and government procurement.
- TEPA signed: 10 March 2024 (New Delhi)
- EFTA members: Switzerland, Norway, Iceland, Liechtenstein
- Key feature: First Indian FTA with developed European nations
- Investment commitment: $100 billion from EFTA to India over 15 years
- Job creation target: 1 million direct employment in India
- Scope: Goods, services, investment, IPR, government procurement
- Blue economy and green economy: Key implementation focus areas under TEPA
- India-Norway bilateral trade: Dominated by crude oil, fish products, machinery
● Tracked since February 18, 2026 · last seen June 11, 2026 · updates as the daily brief publishes