India’s Free Trade Agreement with the European Free Trade Association (EFTA) — comprising Iceland, Liechtenstein, Norway, and Switzerland — will come into force on October 1, 2025, Union Minister of Commerce & Industry Piyush Goyal announced at the UP International Trade Show. The agreement, finalized in March 2024, marks another key milestone in India’s expanding global trade engagement. Advertisement

Goyal emphasised that developed nations are actively seeking FTAs with India, following already concluded pacts with the UAE, Australia, and the UK. “India’s foreign exchange reserves have touched $700 billion,” Goyal noted, underlining India’s strong macroeconomic position.

He confirmed that India is currently in trade discussions with the United States, European Union, New Zealand, Oman

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