🇨🇭🇮🇳 Switzerland Ratifies Landmark EFTA Trade Deal with India, Unlocking $100 Billion Investment and 1 Million Jobs…

Bern/New Delhi — In a historic move aimed at deepening economic ties, Switzerland has officially ratified the landmark European Free Trade Association (EFTA) trade agreement with India, setting the stage for a major boost in bilateral cooperation. The agreement, finalized after nearly 16 years of negotiations, is scheduled to come into effect in October 2025.

Under the terms of the pact, Switzerland and its EFTA partners — Norway, Iceland, and Liechtenstein — will benefit from greater market access to India, one of the world’s fastest-growing economies. In return, India is expected to receive over $100 billion in investments over the next 15 years, helping to create approximately 1 million jobs across key sectors such as manufacturing, pharmaceuticals, and renewable energy.

Swiss Federal Councillor Guy Parmelin praised the deal, calling it “a transformative step toward sustainable and inclusive economic cooperation.” Indian officials echoed the sentiment, describing it as a “win-win” that would enhance global competitiveness and innovation.

The deal also includes provisions for technology transfer, intellectual property protection, and environmental safeguards, signaling a modern and future-facing trade partnership.

With Switzerland’s ratification now complete, focus shifts to implementation frameworks and industry readiness. The trade community anticipates a significant surge in cross-border ventures, research collaborations, and supply chain integration.

This EFTA-India agreement is being hailed as one of the most ambitious free trade pacts India has ever signed — and a clear sign of Switzerland’s growing strategic interest in Indo-Pacific partnerships.