Milestone in India-Sweden Relations: PM Modi's Visit Highlights Economic Cooperation
PM Modi's visit marks milestone in bilateral ties: Swedish PM Kristersson
Business Standard
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Swedish Prime Minister Ulf Kristersson emphasized that Prime Minister Narendra Modi's visit to Sweden signifies a milestone in India-Sweden relations, aiming to double bilateral trade and investment within five years. The leaders recognized the potential for stronger partnerships amidst global uncertainties, supported by the recent India-European Union Free Trade Agreement.
- 01PM Ulf Kristersson stated the ambition to double bilateral trade and investment between India and Sweden within five years.
- 02The India-European Union Free Trade Agreement (FTA) was credited to the leadership of PM Modi and European Commission President Ursula von der Leyen.
- 03Ursula von der Leyen described the recent EU-India summit in New Delhi as a turning point in bilateral ties.
- 04Kristersson expressed confidence that the goal of doubling trade could be achieved sooner than five years.
- 05Both leaders highlighted the importance of Sweden's commitment to strengthening ties with India, encouraging other European nations to follow suit.
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Swedish Prime Minister Ulf Kristersson highlighted the significance of Prime Minister Narendra Modi's visit to Sweden as a pivotal moment in India-Sweden relations, aiming to double bilateral trade and investment within the next five years. Speaking at the European CEO Round Table hosted by Volvo Group, Kristersson noted that the European Union, Sweden, and India recognize the potential for stronger partnerships in today's complex global landscape. He praised the recently concluded India-European Union Free Trade Agreement (FTA), attributing its success to the leadership of PM Modi and European Commission President Ursula von der Leyen. Von der Leyen also underscored the importance of the FTA, describing it as the 'mother of all deals' and emphasized the commitment to operationalize it swiftly. Both leaders expressed optimism about the future of economic cooperation, with Kristersson stating that the goal of doubling trade could be achieved even sooner than anticipated. The discussions reflect a shared ambition to enhance economic ties and strategic cooperation between India and Europe, marking a new chapter in their bilateral relations.
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The commitment to doubling economic exchanges could lead to increased job opportunities and investment in various sectors in both countries.
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