India has officially activated its free trade agreement with the European Free Trade Association (EFTA), a four-nation bloc of Switzerland, Norway, Iceland, and Liechtenstein. Signed in March 2024, the pact secures not just tariff cuts but a $100 billion investment commitment into India over 15 years, expected to generate one million jobs. Indian exporters in machinery, textiles, leather, gems, chemicals, and processed foods will gain easier access to high-value European markets. In return, Swiss watches, wines, chocolates, and Norwegian seafood will become more affordable in India. With safeguard clauses protecting domestic interests, this is being hailed as one of India’s most balanced trade deals. More than a trade pact—it’s a strategic bridge to Europe’s wealthiest economies.

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