India-EFTA Trade and Economic Partnership Agreement (TEPA)

The entering into force of the Trade and Economic Partnership Agreement (TEPA) between India and the EFTA countries on 1st October 2025 makes a historic milestone for the collaboration between Norway and India. 

• This is a very important agreement for the business sector. India is the world’s fifth-largest economy and represents a huge market that will provide big export opportunities for Norwegian businesses. After the EEA agreement, this could become one of the most important trade agreements Norway has ever entered, said Prime Minister Jonas Gahr Støre in a press release as part of the TEPA signing in March 2024.

The agreement was signed in New Delhi on the 10th of March 2024 and entered into force on 1st October 2025. As the first in Europe, EFTA companies get exemption from customs duties on most of the goods they export to India. This makes it easier for Norwegian companies to enter the Indian market.  

With the agreement, the parties confirm their commitment to implement the Paris Agreement, other ratified multilateral conventions on the environment, ILO conventions, and international conventions on gender equality.