India–EFTA Trade and Economic Partnership Agreement (TEPA)

On 1st October 2025, the India–European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA) came into effect, following its signing on 10 March 2024 with Switzerland, Iceland, Norway, and Liechtenstein. This marks a historic milestone in India’s trade diplomacy.

Key Agreements and Provisions

Sector

Agreement / Initiative

Trade & Tariffs

  • Concessional duty rates on imports from EFTA effective 1 October 2025.
    Product-Specific Rules (PSR) regime for determination of origin:
    • Change in Chapter (CC), Change in Tariff Heading (CTH), Change in Tariff Sub-Heading (CTSH), and combinations with Value of Non-Originating Materials (VNM).
    • Full liberalization for industrial goods and phased ....

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