Indore, Apr 15 (PTI) Sweden’s Trade and Make investments Commissioner to India Sofia Högman on Tuesday mentioned she expects the proposed free trade settlement between India and the European Union (EU) to come into force this 12 months.
Högman careworn that this settlement will open new doorways for growing the bilateral partnership between India and Sweden.
India and the EU are discussing the free trade settlement in a phased method. Each side accomplished the tenth spherical of talks for the proposed settlement in Brussels final month. The subsequent spherical of talks is predicted to be held in New Delhi in Could.
Trade specialists consider that it can be crucial to strengthen financial relations between India and the EU in view of US President Donald Trump’s excessive tariff coverage. Sweden is among the 27 nations related to the EU.
Sweden’s Trade Commissioner Högman, talking with reporters right here on the sidelines of an occasion, mentioned {that a} delegation led by European Fee President Ursula von der Leyen visited India on the finish of February and dialogue between India and the EU on a free trade settlement has intensified this 12 months.
She mentioned, “If we discuss what’s going on on the planet at this time, after all, now we have hopes and ambitions that the (proposed) free trade settlement between the EU and India will come into place throughout this 12 months. The settlement would, after all, much more foster the good collaboration that we have already got between Sweden and India.
Högman was replying to a query on the influence of the brand new excessive tariff coverage of the US on bilateral cooperation between India and Sweden within the discipline of inexperienced know-how.
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