Trade between Finland and India currently amounts to about 3 billion euros and is anticipated to double by 2032, driven by the advantages of the recently finalized EU-India Free Trade Agreement, as stated by Finland’s Ambassador to India, Kimmo Lahdevirta. Ambassador Lahdevirta hailed the EU-India FTA as a significant achievement, labeling it the most extensive trade pact ever agreed upon by either the European Union or India.
The ambassador emphasized the significance and mutual benefits of the agreement, highlighting its timing amidst the increasing importance of global partnerships. He emphasized that the successful conclusion of the FTA talks signifies a new chapter in EU-India relations, aiming not only to enhance trade but also to deepen economic and political connections between the two parties.
Ambassador Lahdevirta underscored the importance of enhanced collaboration with India in the current global landscape. He pointed out the growing trade engagement between Finland and India, which has already reached approximately 3 billion euros in goods and services. With the potential opportunities arising from the FTA, he suggested setting an ambitious goal of doubling this trade volume by 2032.
The free trade agreement is expected to establish a more stable and open framework for businesses, encouraging enterprises from both nations to expand their footprint in each other’s markets. This development is poised to unlock fresh prospects in technology, services, manufacturing, and innovation sectors, according to the ambassador. He expressed optimism about the future of economic relations between Finland and India, anticipating a substantial rise in trade and investments in the upcoming years, which will further solidify the enduring partnership between the two countries within the broader EU-India framework.
