Swiss corporations, including industry leaders like ABB and Kuehne+Nagel, are amplifying their investments in India, drawn by the nation’s robust economic growth and the potential benefits of a substantial trade agreement. This Trade and Economic Partnership Agreement (TEPA), signed in March between India and the European Free Trade Association (EFTA)—comprising Switzerland, Norway, Iceland, and Liechtenstein—aims to invigorate trade by reducing tariffs and facilitating investments. The agreement is currently pending parliamentary approval and is anticipated to become effective between late 2025 and early 2026.
Under TEPA, EFTA nations have committed to investing $100 billion in India over 15 years, with expectations of creating approximately one million jobs. In return, India will eliminate tariffs on 94.7% of exports, significantly benefiting Swiss industries by enhancing their competitiveness in the Indian market. This development is particularly advantageous as the European Union and the United Kingdom are still in the process of negotiating their respective agreements with India.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
