The European Free Trade Association (EFTA) is pushing for a Bilateral Investment Treaty with India to provide regulatory assurance for its companies investing under the Trade and Economic Partnership Agreement (TEPA), which came into force on Wednesday.

Under the pact, the four-nation EFTA bloc—comprising Switzerland, Norway, Liechtenstein and Iceland—has committed to invest $100 billion in India over the next 15 years in exchange for preferential access to Indian markets.

“We would like, with this massive principle of investment , to have a Bilateral Investment Treaty in place,” Switzerland’s state secretary for economic affairs, Helene Budliger Artieda said at the India-EFTA Prosperity Summit held to mark the TEPA coming into effect.

$100 Billion investment commitment & clawback

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