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, Shri 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.

Shri 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.