India's trade agreement with the European Free Trade Association (EFTA) will take effect from October 1, 2025, paving the way for $100 billion in foreign direct investment and the creation of 1 million jobs over the next 15 years, according to the Ministry of Commerce and Industry. The Trade and Economic Partnership Agreement (TEPA), signed in March 2024 in New Delhi, is India's first pact with European nations to combine market access with binding commitments on investment and employment, the Ministry said in a Press Information Bureau release.

A first-of-its-kind free trade pact

Officials described TEPA as a "modern and ambitious" agreement that extends beyond goods and services to long-term investment. Under Article 7.1, EFTA states - Switzerland, Norway, Iceland and Liechtenstein, wi

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