Trade agreement between India and European Free Trade Association becomes effective, to generate $100 billion in investments and 1 million direct jobs in India in 15 years

In a landmark development for India’s global trade landscape, the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) has officially taken effect as of October 1, 2025, ushering in a new era of economic collaboration with Iceland, Liechtenstein, Norway, and Switzerland. This agreement, signed on March 10, 2024, in New Delhi, promises to channel $100 billion in investments into India over the next 15 years while creating one million direct jobs. This is India’s first free trade pact with these four developed European nations and highlights a strategic push toward resilient partnerships amid global uncertainties.

EFTA, an intergovernmental organization established in 1960 to promote free trade and economic integration among its member