Sweden’s Ambassador to India, Jan Thesleff, praised the EU-India Free Trade Agreement as historic, emphasizing the strong mutual confidence it reflects between the two entities. The pact is expected to create significant new opportunities for Swedish companies, especially small and medium-sized enterprises (SMEs), in India and vice versa.
Thesleff highlighted that the agreement will lower entry barriers, encouraging more Swedish companies to explore the Indian market. He noted the potential for enhanced innovation and interaction between Sweden, India, and the EU, fostering a beneficial relationship for all parties involved.
The Ambassador underscored the importance of small and medium-sized companies, stating that they drive employment, creativity, and innovation. He expressed confidence that the FTA will particularly benefit SMEs and MSMEs on both sides, facilitating growth and collaboration in various sectors.
Thesleff also mentioned the broader impact of the agreement on scientific and technological cooperation, signaling opportunities for research and innovation partnerships. He identified key sectors like manufacturing, pharmaceuticals, IT, automobiles, and clean energy that are expected to benefit from the FTA, emphasizing the mutual advantages for both Swedish and Indian companies.
The partnership between the EU and India extends beyond trade and investment, focusing on job creation and value generation for both regions. Thesleff highlighted the agreement’s potential to enhance mobility of skilled professionals, facilitating talent exchange and expertise sharing between Sweden and India.
