New Delhi: India’s trade relations entered a new era as the landmark India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) officially came into effect on October 1, 2025. The agreement was signed on March 10, 2024. It marks India’s first Free Trade Agreement with four developed European nation, Switzerland, Norway, Iceland, and Liechtenstein.

According to reports, TEPA is projected to attract investments worth USD 100 billion and generate one million direct jobs in India over the next 15 years. The EFTA nations have committed to mobilising USD 50 billion in the first decade and another USD 50........

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