TEPA implementation
Switzerland Pivots to India as "Huge Priority" Amid 39% US Tariffs: Strategic Economic Partnership Evolves
Oct 16, 2025 01:55 pm CST
Switzerland is actively shifting its economic focus toward India as a strategic partner in response to steep 39% US tariffs. The recently implemented India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement aims to generate USD 100 billion in investments and create one million jobs in India over 15 years, marking a significant milestone in bilateral relations between the two nations.
India-EFTA Trade Agreement: $100 Billion Investment Commitment and Reduced Duties on European Products Starting October 1
Sep 30, 2025 03:54 pm CST
India's Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association will take effect October 1, bringing a $100 billion investment commitment over 15 years while reducing duties on European products. This landmark agreement with Iceland, Liechtenstein, Norway, and Switzerland promises to create one million direct jobs in India while giving consumers access to high-quality European goods at lower prices.