With reference to the India-Switzerland bilateral cooperation, consider the following statements: 1. The Financial Action Task Force (FATF) standards were discussed to facilitate cooperation against terror financing. 2. The Trade and Economic Partnership Agreement (TEPA) is scheduled to enter into force in October 2025. 3. The global AI summit is scheduled to be held in New Delhi in 2027. Which of the statements given above is/are correct?

Switzerland President Guy Parmelin meets Narendra Modi to discuss TEPA and migration partnership

GS2Polity · Governance · IR· India's bilateral relations· Prelims + Mains· 5 October 2026

Bilateral trade and security cooperation: a GS2 case study on India-Switzerland relations.

Why in news

Swiss President Guy Parmelin visited New Delhi to discuss the Trade and Economic Partnership Agreement (TEPA) and cooperation on terror financing and AI.

Background

President Guy Parmelin of Switzerland visited New Delhi for a three-day state visit to meet Prime Minister Narendra Modi. Discussions focused on the TEPA (effective October 2025), the Migration and Mobility Partnership, and FATF standards.

Facts for Prelims

FactTEPA: Trade and Economic Partnership Agreement between India and Switzerland entered into force in October 2025
BodyFATF: Financial Action Task Force standards discussed for cooperation against terror financing
PlaceGeneva: Host city for a global AI summit scheduled for 2027
PostGuy Parmelin: President of Switzerland

Prelims practice question

With reference to the India-Switzerland bilateral cooperation, consider the following statements:

The Financial Action Task Force (FATF) standards were discussed to facilitate cooperation against terror financing.
The Trade and Economic Partnership Agreement (TEPA) is scheduled to enter into force in October 2025.
The global AI summit is scheduled to be held in New Delhi in 2027.

Which of the statements given above is/are correct?

(a)1 only
(b)2 only
(c)1 and 2 only
(d)2 and 3 only

Show answer

Answer: (c) 1 and 2 only — Statements 1 and 2 are correct. Statement 3 is incorrect: The note states the host city for the 2027 AI summit is Geneva.

For Mains

Q. Examine how bilateral trade agreements like TEPA can bolster India's position in global value chains while addressing security concerns like terror financing.

Dimensions to cover in your answer

Regulatory alignment: Harmonizing domestic financial standards with FATF requirements to curb illicit flows
Trade-Security nexus: Balancing economic integration with stringent counter-terrorism financing protocols
Tech-diplomacy: Leveraging international AI summits to shape global governance standards

Keywords: bilateral trade · economic partnership · terror financing · regulatory alignment · strategic cooperation

Read the full news →Source: NDTV ↗Also: GS3 · External sector, trade & FDI

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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.