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India Secures TEPA with EFTA: $100 Billion Investment Pledged

10/2/2025

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Summary

Story summary

India signed Trade and Economic Partnership Agreement (TEPA) with European Free Trade Association (EFTA) in March 2024; effective October 1, 2025.
Deal cuts tariffs on 80-85% of EFTA goods and grants 99% duty-free access for Indian exports.
It includes a $100 billion investment pledge and 1 million jobs; India’s imports from EFTA were $32.4 billion last year, with gold unchanged.

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Story summary

India signed Trade and Economic Partnership Agreement (TEPA) with European Free Trade Association (EFTA) in March 2024; effective October 1, 2025.
Deal cuts tariffs on 80-85% of EFTA goods and grants 99% duty-free access for Indian exports.
It includes a $100 billion investment pledge and 1 million jobs; India’s imports from EFTA were $32.4 billion last year, with gold unchanged.