Piyush Goyal Two Day Switzerland Visit as Rajesh Exports Good Refinery in the SEBI Scrutiny

Ø Visit to strengthen India–Switzerland economic partnership and facilitate discussions on implementation of the India–EFTA Trade and Economic Partnership Agreement (TEPA)

Key Highlights

· Union Commerce and Industry Minister Piyush Goyal will visit Switzerland on 12–13 June 2026.

· The visit aims to strengthen the India–Switzerland economic partnership and advance implementation of the India–EFTA Trade and Economic Partnership Agreement (TEPA).

Importance of the Visit

· Reinforces India's commitment to deeper economic engagement with EFTA countries.

· Focus on enhancing trade, investment, and economic cooperation between India and EFTA member states.

India–EFTA TEPA

· Signed in March 2024 between India and the European Free Trade Association.

· Entered into force in October 2025.

· EFTA members:

o Switzerland

o Norway

o Liechtenstein

o Iceland

Key Meetings Scheduled

Mr. Goyal will meet:

· Helene Budliger Artieda

· Guy Parmelin

· Senior representatives of the Swiss pharmaceutical industry.

Major Discussion Areas

· Implementation of TEPA.

· Resolution of operational issues under the agreement.

· Expansion of bilateral trade and investment.

· Strengthening institutional cooperation.

· Enhancing collaboration in the pharmaceutical sector.

Engagement with Swiss Businesses

· Mr. Goyal will interact with Swiss companies and investors in Zurich.

· Discussions will focus on:

o New investment opportunities in India.

o Expansion of bilateral business partnerships.

o Greater economic collaboration between the two countries.

Indian Delegation

The Minister will be accompanied by senior officials from:

· Department for Promotion of Industry and Internal Trade (DPIIT)

· Ministry of Health and Family Welfare

Expected Outcomes

· Smooth and effective implementation of the India–EFTA TEPA.

· Increased trade and investment flows.

· Stronger India–Switzerland economic and institutional ties.

· Enhanced cooperation in pharmaceuticals, innovation, and industry.

Conclusion

The Switzerland visit is an important step toward deepening India’s economic engagement with EFTA nations, promoting investment, facilitating TEPA implementation, and creating new opportunities for trade and business collaboration between India and Switzerland.

[ABS News Service/12.06.2026]

Union Minister of Commerce and Industry, Piyush Goyal, will visit Berne, Switzerland, on 12 June 2026 for discussions with senior representatives of the Swiss Government and leaders of the Swiss pharmaceutical industry.

The visit underscores the importance India attaches to its economic engagement with Switzerland and the other EFTA States. India and the EFTA States—Switzerland, Norway, Liechtenstein and Iceland—signed the Trade and Economic Partnership Agreement (TEPA) in March 2024, which entered into force in October 2025. The Agreement provides a comprehensive framework for strengthening trade, investment and economic cooperation between the two sides.

During the visit, Mr. Goyal is scheduled to meet Ms. Helene Budliger Artieda, State Secretary for Economic Affairs, and Mr. Guy Parmelin, Federal President of Switzerland. He will also interact with leading representatives of the Swiss pharmaceutical industry. Discussions are expected to focus on the implementation of TEPA, addressing operational issues arising from the Agreement, and enhancing bilateral trade, investment and institutional cooperation.

On the sidelines of the visit, the Minister will engage with Swiss companies and investors in Zurich to discuss opportunities for expanding bilateral trade and investment and to explore avenues for deeper economic collaboration.

Mr. Goyal will be accompanied by senior officials from the Department for Promotion of Industry and Internal Trade (DPIIT) and the Ministry of Health and Family Welfare. The visit is expected to support the effective implementation of TEPA and further strengthen the longstanding economic partnership between India and Switzerland.