India's TEPA with EFTA (Iceland, Liechtenstein, Norway, Switzerland) is undergoing ratification, enhancing trade and investments.

India's Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA) countries including Iceland, Liechtenstein, Norway, and Switzerland is undergoing ratification. Signed in March, the agreement allows India to receive investment from EFTA over 15 years, while lowering or eliminating duties on certain products. Trade between India and EFTA countries rose to $24bn in 2023-24 from $18.66bn in 2022-23.

August 02, 2024
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