New Delhi, July 12 -- Switzerland has officially ratified the India-EFTA trade agreement, paving the way for its rollout in October 2025.

This landmark deal, signed in March 2024, is between India and the European Free Trade Association (EFTA), which includes Switzerland, Norway, Iceland, and Liechtenstein.

It marks a major step toward enhancing trade and investment ties between India and these non-EU European countries.

The agreement is India's first Free Trade Agreement (FTA) with a European bloc. As part of the deal, EFTA nations have committed to invest $100 billion in India over the next 15 years. In return, India will gradually reduce tariffs on certain goods and provide easier market access.

Swiss Economy Minister Guy Parmelin ...