🇮🇳 India → EFTA (Switzerland/Norway/Iceland)

India-EFTA TEPA (Pending Ratification)

India-EFTA Trade and Economic Partnership Agreement

Concluded (Pending)

Signed March 10, 2024 — ratification in progress

Agreement with Switzerland, Norway, Iceland, and Liechtenstein (EFTA bloc). Covers goods, services, investment, IP, and sustainable development. Landmark $100B investment commitment from EFTA over 15 years.

← FTA CheckerOfficial Source ↗
3.5%
Average MFN Tariff Rate
Standard rate for Indian goods exported to EFTA (Switzerland/Norway/Iceland)

What Indian Exporters Should Know

  • $100B investment commitment over 15 years — largest investment pledge in any India FTA
  • Duty elimination on pharma, textiles, gems, leather, engineering goods
  • Switzerland — major hub for banking, pharma (Novartis, Roche), and luxury watch imports
  • Norway — seafood market access; Iceland — seafood and renewable energy
  • IP chapter and GI protections for Indian products

Exporting to EFTA (Switzerland/Norway/Iceland)

  1. 1Agreement signed March 2024 — MFN rates still apply until ratification by all EFTA members
  2. 2Monitor commerce.gov.in for entry-into-force notification
  3. 3Prepare by meeting 40–45% value addition rules of origin
  4. 4Key sectors: pharma, textiles, gems & jewellery, engineering goods
  5. 5EFTA importer will present COO to their respective customs authority once in force
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