The Department of Commerce organised a Chintan Shivir on “Opportunities for the Seafood Sector under the India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA)” on 3 July 2026 at the Chennai Trade Centre during Seafood Expo Bharat 2026. The event focused on investment opportunities, export facilitation and better market access for India’s seafood sector.
The India-EFTA TEPA is India’s first trade agreement with the EFTA countries—Iceland, Liechtenstein, Norway and Switzerland. Together, these economies have a combined GDP of about USD 1.79 trillion. The agreement aims to facilitate USD 100 billion in investments into India and support the creation of one million direct jobs, while expanding export opportunities for India’s seafood industry.
The agreement provides major tariff benefits for seafood exports. Iceland has removed its 55 per cent import duty on feed, including fish feed. Switzerland has cut the import duty on fats and oils of fish (other than liver oil) from 18.05 per cent to zero, while Norway has eliminated its 13.16 per cent import duty on feed, including fish and shrimp feed.
The Chintan Shivir was attended by Joint Secretary, Department of Commerce, Shri Mohit Yadav, along with representatives from Invest India, the Directorate General of Foreign Trade (DGFT) Regional Office, Chennai, the Export Inspection Council (EIC) and the Federation of Indian Export Organisations (FIEO). Seafood exporters and businesses targeting EFTA markets also participated.
During the session, officials presented investment opportunities, export promotion schemes, regulatory requirements and quality standards under the India-EFTA TEPA. An interactive open-house discussion addressed market access, international compliance requirements and strategies to strengthen India’s seafood exports to EFTA countries. The event concluded with a joint commitment by the government and industry to maximise TEPA benefits and expand seafood exports.
India-EFTA TEPA Opens New Growth Opportunities for Seafood Exports
Kanika Sharma is a Geopolitical Analyst and Editor at BigBreakingWire. She holds a Master's degree in History from the Central University of Punjab, with an academic background in qualitative research, text analysis, and historical frameworks. At BigBreakingWire, she analyzes global trade shifts, international policies, geopolitical developments, semiconductor supply chains, manufacturing policies, and sovereign industrial initiatives. Her work combines historical context with contemporary policy and macroeconomic analysis to explain complex global developments clearly and accurately.
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