Zurich: Switzerland has put implementation of the Trade and Economic Partnership Agreement (TEPA) with India on the fast track, with the aim of boosting investment and trade ties with New Delhi.Switzerland is among four members of the European Free Trade Association (EFTA) that signed TEPA with India. The other three are Norway, Liechtenstein and Iceland.Also Read: Issues related to India-EFTA trade pact implementation may figure during Piyush Goyal's Switzerland visitThis follows commerce and industry minister Piyush Goyal's visit to Bern earlier this month. His visit had focused on setting a roadmap for implementation of the agreement, prioritising regulatory cooperation, skill development and innovation to enhance trade and investment ties.ET has learnt that following the visit, the Swiss government is fast-tracking implementation of TEPA to further enhance its industrial presence in India. TEPA came into effect from October 1, 2025. Since then, new Indian product lines entered the Swiss market while services trade gained momentum and investment interest strengthened, ET has learnt.Also Read: India–EFTA TEPA explained: Growth, investment, and affordable European products for Indian consumersEFTA is a major economic bloc in Europe out of three - the other two being the European Union and the UK. Among the EFTA countries, Switzerland is India's largest trading partner, followed by Norway.
Switzerland fast-tracks India trade pact implementation
Switzerland is accelerating the implementation of its Trade and Economic Partnership Agreement (TEPA) with India, aiming to significantly boost investment and trade. This move, following Commerce Minister Piyush Goyal's recent visit, prioritizes regulatory cooperation, skill development, and innovation. The agreement, effective since October 1, 2025, has already seen new Indian products enter the Swiss market and increased service trade, with Switzerland keen to expand its industrial footprint in India.
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