India-EFTA TEPA Benefits for Indian Exporters
India-EFTA TEPA — in force since 1 October 2025 Overview. India-EFTA TEPA is in force since 1 October 2025. It covers Switzerland, Norway, Iceland and Liechtenstein. Its Chapter 7 sets an investment aim: the EFTA states are to promote investment with the aim of raising foreign direct investment in India by US$100 billion over 15 years and facilitating one million direct jobs. What it gives an exporter. A lower or zero duty in EFTA on the tariff lines the agreement covers, for goods that meet its rule of origin. The saving on a shipment is the difference between the normal (MFN) duty and the agreement's rate on that tariff line, so it is nothing on a line whose normal duty is already zero. The EFTA states' offer covers 92.2% of their tariff lines and 99.6% of India's exports: all non-agricultural products and concessions on processed agricultural products. India's offer covers 82.7% of its lines; dairy, soya, coal and sensitive farm products are kept out (PIB, 30 September 2025). What it asks in return. There is no general rule: goods not wholly obtained must meet the product-specific rule listed for them in Appendix 2.A.1, most often a ceiling on non-originating materials as a shar…
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