New Delhi, Sept. 5 -- Switzerland, the largest economy in the European Free Trade Association (EFTA), has completed the regulatory adjustments required to implement the customs concessions under its trade agreement with India.

The agreement, signed in March 2024, will take effect from October 1.

EFTA comprises Switzerland, Norway, Iceland, and Liechtenstein, with Switzerland accounting for the bulk of India's trade with the bloc, particularly in gold.

According to a statement from the Swiss government, the accord-formally known as the Trade and Economic Partnership Agreement (TEPA)-marks the first time India has included legally binding provisions on trade and sustainable development in a free trade agreement.

The agreement also reaff...