Commerce Secretary Shri Rajesh Agrawal Calls for Greater Utilisation of India-EFTA TEPA Opportunities

Commerce Secretary Shri Rajesh Agrawal addressed the Outreach Event for Major Exporters in New Delhi during the 2nd India-EFTA Prosperity Summit 2026, urging greater utilization of opportunities under the India-European Free Trade Association Trade and Economic Partnership Agreement (TEPA). TEPA entered into force on October 1, 2025, with leaders from EFTA States—Iceland, Liechtenstein, Norway, and Switzerland—visiting New Delhi to mark its first year. The agreement provides market access covering 99.6% of India's exports through EFTA's commitments on 92.2% of tariff lines, while India's commitments cover 82.7% of tariff lines. The Commerce Secretary highlighted stability, investment predictability, agricultural export opportunities, and a specific investment commitment under Article 7.1 where EFTA investors aim to increase FDI into India by $50 billion within 10 years and an additional $50 billion in the succeeding 5 years, facilitating 1 million jobs.