Piyush Goyal visits Liechtenstein to review India–EFTA TEPA implementation
Commerce and Industry Minister Piyush Goyal visited Liechtenstein on 7 January 2026, meeting Hereditary Prince Alois and Prime Minister Brigitte Haas, to speed up implementation of the India–EFTA Trade and Economic Partnership Agreement (TEPA) and seek investment.
Summary
Commerce and Industry Minister Piyush Goyal made an official visit to Liechtenstein on 7 January 2026 — the first ministerial visit of 2026 — to push implementation of the India–EFTA Trade and Economic Partnership Agreement (TEPA). He called on Hereditary Prince Alois at Vaduz Castle and Prime Minister Brigitte Haas, met Deputy Prime Minister and Foreign Minister Sabine Monauni and visited Hilti AG. TEPA is India's first free trade agreement with a group of developed countries, the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and carries an agreed ambition of USD 100 billion in investment into India and one million direct jobs.
Key facts
- Visit
- Piyush Goyal to Liechtenstein, 7 January 2026
- Met
- Hereditary Prince Alois (Vaduz Castle); PM Brigitte Haas; Dy PM Sabine Monauni
- Industry
- Visited Hilti AG
- Agreement
- India–EFTA TEPA — India's first FTA with a developed-country group
- EFTA members
- Iceland, Liechtenstein, Norway, Switzerland
- TEPA ambition
- USD 100 billion investment; 1 million direct jobs
Practice MCQs 3 questions
Which of the following is NOT a member of the European Free Trade Association (EFTA), India's partner in TEPA?
Show answer
Correct answer: D — Denmark
PIB (Commerce): EFTA comprises Iceland, Liechtenstein, Norway and Switzerland; Denmark is not a member.
Who is the Prime Minister of Liechtenstein whom Piyush Goyal called on in January 2026?
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Correct answer: B — Brigitte Haas
PIB (Commerce): Goyal called on Prime Minister Brigitte Haas; Sabine Monauni is Deputy PM and Hereditary Prince Alois is the Hereditary Prince.
Consider the following statements about the India–EFTA TEPA, as described in January 2026: 1. It is India's first free trade agreement with a group of developed countries. 2. It carries an agreed ambition of USD 100 billion in investments into India. 3. It aims to support the creation of one million direct jobs. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
PIB (Commerce): all three are correct.