EFTA – India: Trade and Economic Partnership Agreement

On 10 March 2024, Member States of the European Free Trade Association – Iceland, Liechtenstein, Norway, and Switzerland – and the Republic of India signed a comprehensive Trade and Economic Partnership Agreement (TEPA).

The landmark agreement between India and EFTA (European Free Trade Association) is expected to bring significant economic benefits. These include enhanced integration and resilience of supply chains, new opportunities for businesses and individuals on both sides, increased trade and investment flows, job creation, and economic growth.

The signing of this agreement represents a significant milestone in the relationship between the EFTA States and India. It signifies the culmination of dedicated efforts to promote a deeper economic partnership, emphasizing the importance of dialogue, cooperation, and mutual understanding. Additionally, one of the objectives of the agreement is to provide for adequate, effective and non-discriminatory protection and enforcement of intellectual property rights.