New Delhi, Oct 1 (UNI) The Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) comprising Switzerland, Norway and Iceland, came into effect today and is expected to reduce tariff barriers and expand India’s share in key commodities in EFTA countries. India’s exports to EFTA stood at USD 72.37 million in 2024, contributing 0.41 percent of EFTA’s total imports. and incorporates, for the first time in any Free Trade Agreement (FTA) signed by India, a commitment linked to investment and job creation. The TEPA will empower India’s exporters by providing access to specialized inputs and create conducive trade and investment environment. Concurrently, the EFTA States shall aim to facilitate the generation of 1 million direct jobs in India resulting from these investment inflows.