NEW DELHI: The India–EFTA Trade and Economic Partnership Agreement (TEPA) has established India’s first free trade agreement (FTA) with four developed European nations, with commitments of $100 billion in investments and the creation of 1 million direct jobs over the next 15 years, government data showed on Saturday.
The pact enhances market access for goods and services, strengthens intellectual property rights, and promotes sustainable and inclusive development, while advancing the objectives of ‘Make in India’ and ‘Atmanirbhar Bharat’.
The India–European Free Trade Association (EFTA) TEPA came into force on October 1, marking a defining moment in India’s external trade policy.