{"id":1599,"date":"2025-10-02T16:08:56","date_gmt":"2025-10-02T10:38:56","guid":{"rendered":"https:\/\/readingroomz.com\/?p=1599"},"modified":"2025-10-02T16:08:58","modified_gmt":"2025-10-02T10:38:58","slug":"india-efta-trade-and-economic-partnership","status":"publish","type":"post","link":"https:\/\/readingroomz.com\/te\/india-efta-trade-and-economic-partnership\/","title":{"rendered":"India-EFTA Trade and Economic Partnership Agreement 2025"},"content":{"rendered":"<h2 class=\"wp-block-heading has-text-align-center\" id=\"india-efta-trade-and-economic-partnership-agreement\">India-EFTA Trade and Economic Partnership Agreement<\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/India-EFTA-Trade-and-Economic-Partnership-Agreement-1024x683.webp\" alt=\"India-EFTA Trade and Economic Partnership Agreement\" class=\"wp-image-1601\" srcset=\"https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/India-EFTA-Trade-and-Economic-Partnership-Agreement-1024x683.webp 1024w, https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/India-EFTA-Trade-and-Economic-Partnership-Agreement-400x267.webp 400w, https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/India-EFTA-Trade-and-Economic-Partnership-Agreement-768x512.webp 768w, https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/India-EFTA-Trade-and-Economic-Partnership-Agreement-600x400.webp 600w, https:\/\/readingroomz.com\/wp-content\/uploads\/2025\/10\/India-EFTA-Trade-and-Economic-Partnership-Agreement.webp 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div class=\"wp-block-rank-math-toc-block has-text-color has-link-color wp-elements-d0248e803c0402a514724531a813745e\" style=\"color:#0045d5\" id=\"rank-math-toc\"><h2>\u0c35\u0c3f\u0c37\u0c2f \u0c38\u0c42\u0c1a\u0c3f\u0c15<\/h2><nav><ul><li><a href=\"#india-efta-trade-and-economic-partnership-agreement\">India-EFTA Trade and Economic Partnership Agreement<\/a><ul><li><a href=\"#key-highlights-of-tepa\">Key Highlights of TEPA:<\/a><\/li><li><a href=\"#expected-gains\">Expected Gains:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\n\n<p><strong>Current Affairs: India-EFTA Trade and Economic Partnership Agreement (TEPA) to Take Effect from October 1, 2025<\/strong><\/p>\n\n\n\n<p>The&nbsp;<strong>India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA)<\/strong>&nbsp;will officially come into force on&nbsp;<strong>October 1, 2025<\/strong>, marking a major milestone in India\u2019s global trade relations. The agreement was signed on&nbsp;<strong>March 10, 2024<\/strong>, in New Delhi, and is India\u2019s&nbsp;<strong>first Free Trade Agreement with four developed European countries<\/strong>&nbsp;\u2014&nbsp;<strong>Switzerland, Norway, Iceland, and Liechtenstein<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"key-highlights-of-tepa\">Key Highlights of TEPA:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>$100 Billion Investment Commitment:<\/strong>\u00a0EFTA nations will invest\u00a0<strong>USD 100 billion in India over 15 years<\/strong>, creating\u00a0<strong>1 million direct jobs<\/strong>.<\/li>\n\n\n\n<li><strong>Scope:<\/strong>\u00a0The agreement covers\u00a0<strong>14 key areas<\/strong>, including goods, services, investment, trade facilitation, intellectual property rights, and sustainable development.<\/li>\n\n\n\n<li><strong>Market Access:<\/strong>\n<ul class=\"wp-block-list\">\n<li>EFTA has offered\u00a0<strong>tariff concessions on 99.6% of India\u2019s exports<\/strong>\u00a0and\u00a0<strong>100% coverage for non-agricultural goods<\/strong>.<\/li>\n\n\n\n<li>India has offered\u00a0<strong>82.7% of its tariff lines<\/strong>, covering\u00a0<strong>95.3% of EFTA exports<\/strong>, while protecting sensitive sectors like\u00a0<strong>dairy, soya, coal, pharma, and processed food<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Services Sector Boost:<\/strong>\n<ul class=\"wp-block-list\">\n<li>India has offered commitments in\u00a0<strong>105 sub-sectors<\/strong>\u00a0and gained access in\u00a0<strong>128 (Switzerland)<\/strong>,\u00a0<strong>114 (Norway)<\/strong>,\u00a0<strong>107 (Liechtenstein)<\/strong>, and\u00a0<strong>110 (Iceland)<\/strong>.<\/li>\n\n\n\n<li>Mutual Recognition Agreements (MRAs) will be implemented in\u00a0<strong>professional services<\/strong>\u00a0such as\u00a0<strong>nursing, architecture, and chartered accountancy<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Employment &amp; Skill Development:<\/strong>\n<ul class=\"wp-block-list\">\n<li>The agreement emphasizes\u00a0<strong>vocational training<\/strong>,\u00a0<strong>technology transfer<\/strong>, and\u00a0<strong>innovation<\/strong>\u00a0in sectors like\u00a0<strong>renewable energy, precision engineering, life sciences, and R&amp;D<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Investment Promotion:<\/strong>\n<ul class=\"wp-block-list\">\n<li>A dedicated\u00a0<strong>India\u2013EFTA Desk<\/strong>\u00a0will serve as a\u00a0<strong>single-window investment facilitation mechanism<\/strong>, focusing on\u00a0<strong>renewable energy, life sciences, digital transformation, and engineering<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Sustainability &amp; Inclusivity:<\/strong>\n<ul class=\"wp-block-list\">\n<li>TEPA integrates commitments to\u00a0<strong>sustainable development<\/strong>,\u00a0<strong>social progress<\/strong>, and\u00a0<strong>environmental protection<\/strong>, reinforcing India\u2019s\u00a0<strong>Make in India<\/strong>\u00a0and\u00a0<strong>Atmanirbhar Bharat<\/strong>\u00a0initiatives.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"expected-gains\">Expected Gains:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enhanced exports of\u00a0machinery, processed food, rice, guar gum, textiles, marine products, and engineering goods.<\/li>\n\n\n\n<li>Increased market access for\u00a0IT, business services, education, and audio-visual sectors.<\/li>\n\n\n\n<li>Strengthened partnerships in\u00a0technology, innovation, and green energy.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button translation-block\"><a class=\"wp-block-button__link has-background has-text-align-center wp-element-button\" href=\"https:\/\/readingroomz.com\/te\/current-affairs\/\" style=\"background-color:#0045d5\" target=\"_self\">\u0c21\u0c48\u0c32\u0c40 \u0c15\u0c30\u0c46\u0c02\u0c1f\u0c4d \u0c05\u0c2b\u0c48\u0c30\u0c4d\u0c38\u0c4d<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"translation-block\">\u0c2e\u0c42\u0c32\u0c02: <a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2184456\" rel=\"nofollow noopener\" target=\"_blank\">\u0c2a\u0c3f \u0c10 \u0c2c\u0c3f<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The India\u2013EFTA Trade and Economic Partnership Agreement (TEPA) marks a milestone in India\u2019s global trade. Covering Switzerland, Norway, Iceland, and Liechtenstein, the pact promises $100 bn investment, 1 million jobs, and deeper market access. A must-read summary for competitive exam aspirants.<\/p>","protected":false},"author":1,"featured_media":1601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowpNK9DA:productID":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[41],"tags":[51],"class_list":["post-1599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy"],"_links":{"self":[{"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/posts\/1599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/comments?post=1599"}],"version-history":[{"count":5,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/posts\/1599\/revisions"}],"predecessor-version":[{"id":1605,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/posts\/1599\/revisions\/1605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/media\/1601"}],"wp:attachment":[{"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/media?parent=1599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/categories?post=1599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/readingroomz.com\/te\/wp-json\/wp\/v2\/tags?post=1599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}