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India launches new trade deal with EFTA nations, boosting investment, jobs, and market access.
India has launched a new trade and economic partnership with the European Free Trade Association (EFTA), including Norway, Iceland, Liechtenstein, and Switzerland, effective October 1, 2025.
The agreement, India’s first with four developed European nations, aims to generate $100 billion in foreign investment and create one million direct jobs over 15 years.
It enhances market access for goods and services, strengthens intellectual property protections, and supports sustainable development.
The pact covers 92.2% of EFTA’s tariff lines and 82.7% of India’s, safeguarding key sectors like agriculture and coal.
It promotes investment in manufacturing, innovation, and digital services, with a dedicated India-EFTA Desk facilitating collaboration in renewable energy, life sciences, and engineering.
Services exports are expected to grow through professional mobility and mutual recognition agreements.
India lanza un nuevo acuerdo comercial con las naciones de la EFTA, impulsando la inversión, el empleo y el acceso al mercado.