| Key Aspect | Details |
|---|---|
| Agreement Between | India and European Free Trade Association (EFTA): Switzerland, Norway, Iceland, Liechtenstein |
| TEPA Signed On | 10 March 2024 |
| Came Into Force | 1 October 2025 |
| Investment Commitment | USD 100 billion over 15 years |
| Job Creation | Expected to generate one million direct jobs in India |
| Tariff Reductions | EFTA: 99.6% of Indian exports duty-free; India: 95.3% of EFTA exports phased/reduced tariffs |
| Excluded Sectors | Gold, dairy, and coal excluded to protect domestic interests |
| Service Sector Access | Enhanced access for Indian service providers in IT, accountancy, nursing, education, etc., and Mode 4 mobility |
| Mutual Recognition Agreements (MRAs) | Encouraged for qualifications, easing entry for Indian professionals |
| Rules of Origin | Detailed provisions to ensure smooth trade facilitation |
| Strategic Opportunities | Collaboration in pharma, clean energy, precision engineering, shipbuilding, AI, education, tourism |
| Implementation Strategy | Sector-specific roadmaps, MSME outreach, capacity building, logistics reforms, joint monitoring |
| Benefits | Boosts FDI, creates jobs, diversifies exports, enhances India's geo-economic footprint, improves access to high-end goods |
| Negotiation Timeline | Started in 2008, concluded after 21 rounds |
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