ARTICLE
7 October 2025

TPM Newsletter: October 2025 - Trade Agreements

TC
TPM Consultants

Contributor

TPM was founded in 1999 as the first firm dealing exclusively in the field of trade remedies. TPM has assisted domestic producers, in India and overseas, suffering due to cheap and unfair imports to avail the necessary protection under the umbrella of the WTO Agreements. TPM also assists exporters and importers facing trade remedial investigations in India or other countries. TPM has assisted exporters facing investigations in a number of jurisdictions such as China, Argentina, Brazil, Canada, Egypt, European Union, GCC, Indonesia, South Korea, Taiwan, Turkey, Ukraine and USA. TPM also provides services in the field of trade policy, non-tariff barriers, competition law, trade compliance, indirect taxation, trade monitoring and analysis. It also represents industries before the Government in matters involving customs policy.
The Trade and Economic Partnership Agreement signed by India and the European Free Trade Association (EFTA) will come into effect on 1st October 2025.
India International Law

Indian Updates

India-EFTA trade agreement to take effect on 1st October 2025

The Trade and Economic Partnership Agreement signed by India and the European Free Trade Association (EFTA) will come into effect on 1st October 2025. Under the agreement, EFTA commits to invest $100 billion in India over 15 years and create one million direct jobs. India will also provide preferential access to Swiss exports such as watches, chocolates, and pharmaceuticals by reducing or eliminating duties.

India and Oman expected to sign the Comprehensive Economic Partnership Agreement in the coming weeks

India and Oman are set to sign the Comprehensive Economic Partnership Agreement (CEPA) soon, with negotiations reaching a conclusion. The Agreement aims to reduce or eliminate customs duties, promote trade in services, and attract investments. Major imports into India include urea, polymers of propylene and ethylene, petroleum coke, gypsum, chemicals, iron and steel. The CEPA is expected to widen this trade basket for both countries.

Global Updates

Indonesia and Canada sign the Comprehensive Economic Partnership Agreement

Indonesia and Canada signed the Comprehensive Economic Partnership Agreement (CEPA) on 24th September 2025. The CEPA is set to take effect in 2026 and is expected to provide substantial benefits in terms of reduction or elimination of tariffs. The Agreement seeks to boost trade in key sectors such as agriculture, energy, and technology. It aims to eliminate more than 90 per cent of tariffs on Indonesian imports. Canada has committed to reduce tariffs on 95 per cent of Canadian exports to the Indonesian market.

Indonesia and the European Union sign the Comprehensive Economic Partnership Agreement

The Indonesia–European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) was signed on 23rd September 2025. The agreement is expected to remove up to 98% of tariffs and reduce trade barriers, including those linked to environmental regulations. The Agreement is reported to double Indonesia's exports to the EU. Key sectors expected to benefit include Indonesian palm oil, textiles, and footwear, while the EU gains enhanced access to food, agriculture, automotive, and chemical industries.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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