Switzerland fast-tracks India trade pact implementation

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.

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This 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 consumers

EFTA 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.