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Sweden keen to develop trade & economic relations with India

01 Apr '08

3 min read

During the bilateral meeting between Shri Kamal Nath, Union Minister of Commerce & Industry and the visiting Swedish Minister of Foreign Trade, Ms. Ewa Bjorling, Shri Kamal Nath informed that India is seeking active cooperation in the field of higher education.

He further mentioned that India and Sweden have identified complementarities in high-tech areas of IT, biotech, automotive industry and electronics, and that, it is necessary for the two countries to catalyze cooperation in the region by involving industry, academia and local universities.

The meeting was attended by Shri Ajay Shankar, Secretary (Industrial Policy & Promotion); Shri G.K. Pillai, Commerce Secretary; senior officials from the Ministry of Commerce and Industry, Directorate General of Foreign Trade; representatives from the apex chambers and business communities from both sides.

Both sides discussed about the development of trade and economic relations. While expressing his appreciation for the Swedish government's desire for enhanced engagement with India, Shri Kamal Nath stated that: “Sweden's strong interest to deepen and diversify relations with India especially in the area of trade and economic development as also in frontier areas of high technology”.

Shri Kamal Nath expressed satisfaction that based on the recommendations of the High Level Trade Group, both sides have started negotiations for a Broad-based Trade and Investment Agreement and two rounds of fruitful negotiations have already been held between India and the EU.

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