India-EFTA TEPA: Strengthening Trade and Investment Ties with Switzerland

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Dated: 11.05.2026

India-EFTA TEPA: Strengthening Trade and Investment Ties with Switzerland

India is making significant strides in expanding its global trade partnerships, with a particular focus on Switzerland through the India-EFTA Trade and Economic Partnership Agreement (TEPA). This article explores the latest developments, key outcomes, and future opportunities arising from the implementation of TEPA.

Key Highlights of India-EFTA TEPA Implementation

High-Level Engagements
- Commerce Secretary Shri Rajesh Agarwal visited Switzerland in May 2026 to advance TEPA implementation and deepen trade and investment cooperation.
- The visit built on earlier discussions between Union Minister Shri Piyush Goyal and Swiss President Guy Parmelin, focusing on moving from policy to commercial delivery.
Market Access Achievements
- TEPA grants market access on 92.2% of EFTA tariff lines, covering 99.6% of India’s exports.
- India’s exports to Switzerland have surpassed USD 1.2 billion, reflecting the agreement’s positive impact.
Focus Areas for Cooperation
- The visit emphasized translating market-access outcomes into concrete business partnerships and investment commitments.
- There is a strong push for greater industry utilization, technology partnerships, and sustained engagement between India and EFTA countries.

Opportunities and Benefits for Indian Businesses

Expanded Export Potential
- With nearly all Indian exports covered under TEPA, businesses can access Swiss and EFTA markets with reduced tariffs and fewer barriers.
- Sectors such as pharmaceuticals, textiles, engineering goods, and IT services stand to benefit the most.
Investment and Technology Collaboration
- TEPA encourages investment flows and technology partnerships, opening doors for joint ventures and innovation-driven collaborations.
- Indian companies can leverage Swiss expertise in high-tech manufacturing, finance, and research.
Sustained Engagement for Growth
- The Commerce Secretary called for ongoing India-EFTA engagement to drive exports, investments, and technology partnerships.
- Regular reviews and business forums are expected to facilitate continued progress and address emerging challenges.

Looking Ahead: Roadmap for Commercial Delivery

The focus is now on converting TEPA’s policy framework into tangible business outcomes.
Indian exporters and investors are encouraged to explore new opportunities in Switzerland and other EFTA countries.
Government support and industry collaboration will be key to maximizing the benefits of TEPA.

India’s partnership with Switzerland under TEPA marks a new era of trade and investment cooperation, offering vast opportunities for growth, innovation, and global integration.

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Source: Ministry of Commerce & Industry

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