India-Liechtenstein trade talks held under India-EFTA TEPA framework
Why in the news
On 27 October 2026, Union Minister of State for Commerce and Industry Jitin Prasada met Sabine Monauni, Deputy Prime Minister and Minister of Foreign Affairs, Environment and Culture of Liechtenstein, in New Delhi to deepen trade and investment ties.
Key facts
- Royal visit: Hereditary Prince Alois, Liechtenstein’s Head of State, was in India from 25 to 28 October 2026. It was his second India visit of the year; the first was in February for the AI Impact Summit in New Delhi.
- Talking points: India’s reforms and market growth, real GDP growth of 7.8% in Q1 of 2026-27, and room for Liechtenstein firms to invest more.
- Sectors: technology, innovation, financial services and manufacturing.
- Business delegation: included the Liechtenstein Chamber of Industry and Commerce, LGT India and Hilti, among others.
- India-EFTA TEPA: Liechtenstein is a key partner within EFTA under the Trade and Economic Partnership Agreement.
- Samriddhi Summit: the India-EFTA Samriddhi Summit 2026 was held in New Delhi earlier in October.
| TEPA commitment | Target | Period |
|---|---|---|
| Investment | USD 100 billion | 15 years |
| Direct jobs | 1 million | 15 years |
About India-EFTA TEPA
TEPA is the Trade and Economic Partnership Agreement between India and the European Free Trade Association (EFTA), of which Liechtenstein is a member. It links trade with a commitment to bring investment and direct jobs into India over 15 years.
Exam angle
- Remember the TEPA targets: USD 100 billion and 1 million direct jobs over 15 years.
- Liechtenstein’s Head of State during the visit was Hereditary Prince Alois.
- Link this news with India’s free trade agreement strategy with developed economies.