Union Minister Of Commerce And Industry Shri Piyush Goyal Urges Industry To Leverage India–EFTA TEPA; Highlights $100 Billion FDI Commitment And Potential For 1 Million Jobs

• TEPA is India's first Free Trade Agreement with a developed European bloc — the European Free Trade Association (EFTA) comprising Switzerland, Norway, Iceland, Liechtenstein.
• Contains a legally binding $100 billion FDI commitment over 15 years with a target of 1 million direct jobs in India — a first-of-its-kind clause in any global trade agreement.
• Signed 10 March 2024, entered into force 1 October 2025; subject of fresh ministerial push by Commerce Minister Piyush Goyal in March 2026.