India’s trade diplomacy is entering a decisive phase. With the India–EFTA Trade and Economic Partnership Agreement (TEPA) set to take effect from October 1, 2025, the country has signed its first free trade pact with a developed Western bloc. The European Free Trade Association (EFTA) —

Switzerland has formally completed approval of the Trade and Economic Partnership Agreement (TEPA) with India and the other European Free Trade Association (EFTA) members—Norway, Iceland, and Liechtenstein—bringing to a close nearly 16 years of negotiation. India’s Commerce Minister has announced the pact is set to enter into force in September 2025, ushering in new

Commerce Minister Piyush Goyal encourages India's auto component industry to reduce import dependency by manufacturing machinery domestically and expanding electric vehicle component production.