Switzerland is India's largest trading partner among the EFTA states
Background
The India-EFTA Trade and Economic Partnership Agreement (TEPA) was signed on 10 March 2024 at New Delhi and came into effect on 1 October 2025.
Among EFTA countries, Switzerland is the largest trading partner of India, followed by Norway.
Switzerland made 128 services commitments, against 114 for Norway, 110 for Iceland and 107 for Liechtenstein.
TEPA incorporates, for the first time in any FTA signed by India, a commitment linked to investment and job creation.
TEPA signed:
10 March 2024
TEPA in effect:
1 October 2025
Swiss services commitments:
128
Why it matters for exams: The India-EFTA agreement and which member is India's biggest partner are recurring international-relations and economy questions.
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