From Salmon To Smartphones: India-Europe FTA Trade Pact Promises $100 Billion FDI & Zero Tariffs

India’s TEPA with EFTA links market access to investment, eases dispute resolution, and marks a key shift in the country’s approach to economic integration.

India has agreed to cut tariffs to zero on 80–85 per cent of goods imported from EFTA countries.

Source : Ian Taylor/Unsplash

Expectations are riding high on the Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) coming into force on October 1 with its promise of delivering USD 100 billion FDI but for seafood lovers, the bounty is quite something else, in the form of Tuna, Trout, Salmon from EFTA states, whose tariff is set to be reduced to zero in 7 years – while for health freaks, the bonanza is in cod liver oil, fish body oil with tariff set to become