Finland–India trade likely to double to 6 bn euros by 2032
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New Delhi: Trade in goods and services between Finland and India currently stands at around 3 billion euros and could double by 2032, driven by the benefits of the recently concluded EU-India Free Trade Agreement (FTA), Finland’s Ambassador to India, Kimmo Lahdevirta, said on Monday.
Ambassador Lahdevirta described the EU-India FTA as a historic milestone, calling it the largest trade deal ever concluded by either the European Union or India.
“Trade in goods and services between Finland and India is now around 3 billion euro. Considering the benefits the FTA will bring, we should aim at doubling it by 2032,” he said.
He said the agreement is important and beneficial for both sides and comes at a time when strengthening global partnerships has become increasingly crucial.
The ambassador noted that the successful conclusion of the FTA negotiations marks a new phase in EU-India relations.
“The agreement will not only boost trade but also deepen economic and political ties between the two sides,” the ambassador stated.
