India-EFTA Trade Agreement to Boost Seafood Exports by $3.5 Million Annually

The India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), which came into effect from October 1, 2025, is set to significantly bolster India's seafood export sector. The agreement includes a binding commitment from EFTA member states to invest $100 billion in India over the next 15 years, with a focus on sustainable seafood production, infrastructure, and technology transfer. This is expected to increase India's seafood exports by $3.5 million annually, create 1 million direct jobs, and enhance capacity building and supply chain efficiencies.