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Mint
12-06-2025
- Business
- Mint
Goyal discusses trade, FTA prospects with Sweden in push to deepen economic ties
New Delhi: Commerce minister Piyush Goyal on Thursday held wide-ranging discussions with senior Swedish government officials and industry leaders in Stockholm, as part of a broader effort to strengthen India's economic partnership with Europe. The talks focused on expanding bilateral trade, boosting investment flows, and exploring collaboration in emerging sectors such as clean technology and innovation, the commerce ministry said in a statement. Goyal, who is on a five-day tour of Switzerland and Sweden, co-chaired the 21st session of the India–Sweden Joint Commission for Economic, Industrial and Scientific Cooperation, where both sides reaffirmed their commitment to deepening strategic ties. According to the ministry, Goyal's meetings in the Swedish capital featured leading Swedish institutions, like LeadIT, Vinnova, the Swedish Energy Agency, the National Space Agency, the National Board of Trade, the Export Credit Agency, Business Sweden, and the Swedish Chamber of Commerce in India. A dedicated roundtable also explored ways to strengthen the India–Sweden economic corridor, the ministry said. Key areas of discussion included innovation, green transition, advanced technologies, and building resilient supply chains, it added. Goyal has wrapped up the Swiss leg of his tour. Last March, India and the four-nation EFTA – comprising Iceland, Liechtenstein, Norway and Switzerland – signed a free trade deal to integrate and strengthen supply chains, attract investments and generate new business opportunities. The EFTA has also made a binding commitment to invest $100 billion in India and create one million direct jobs in the next 15 years. Meanwhile, India and the European Union have also stepped up efforts to clinch a long-pending free trade agreement, aiming to forge closer economic ties as global supply chains shift. Negotiations, revived in 2022 after nearly a decade, have gained urgency with both sides seeking reliable trade partners. For India, the EU offers a major export market and investment in clean tech. For the EU, India is a growing economy and strategic hedge against China. Key hurdles remain—such as tariffs, intellectual property, and sustainability standards—but officials are optimistic about a breakthrough by 2025. During his visit to Sweden, Goyal also urged Swedish companies to expand their footprint in India, citing the country's investor-friendly regulations, growing consumer market, skilled workforce, and strong industrial base. Goyal participated in the India–Sweden High-Level Trade and Investment Policy Forum at the Confederation of Swedish Enterprise. He also held one-on-one meetings with Swedish firms from sectors such as automation, renewable energy, sustainable food systems, maritime technology, and advanced materials. Talks centred on easing land access, building skilling partnerships, and facilitating fast-track clearances.
Local Sweden
11-06-2025
- Business
- Local Sweden
Indian trade minister to visit Sweden
Indian Commerce and Industry Minister Piyush Goyal is visiting Sweden alongside a large business delegation from India on June 11th and 12th. Advertisement Goyal is in Sweden to, among other things, participate in the two countries' Joint Commission for Economic, Industrial and Scientific Cooperation. He will meet with Swedish International Development Cooperation and Foreign Trade Minister Benjamin Dousa, with the two taking part in bilateral discussions and business events with companies from Sweden and India. One of the topics up for discussion during the trip is the ongoing negotiations on a free trade agreement between India and the EU. "India is a fast growing economy, which in a few years is expected to be the world's third largest," said Dousa in a statement, describing pushing for the EU to sign a new free trade agreement with India as a top priority for the Swedish government. EDITOR'S PICK: "Together, the EU and India would form the world's largest free trade zone and a deal would give Swedish companies better access to an important market," he said. Advertisement The two ministers are also set to discuss Swedish-Indian cooperation in areas such as trade, innovation, research, health, energy, telecoms and the business climate. Sweden and India have both attempted to strengthen their ties in recent years. With more than 280 Swedish companies active in India, Swedish exports to India last year amounted to 22 billion kronor, an increase of 17 percent compared to 2023. In the same period, Sweden imports from India increased 16 percent to 13 billion kronor.
Barnama
17-05-2025
- Politics
- Barnama
Malaysia-Russia Cooperation In Science, Higher Education To Be Expanded
KUALA LUMPUR, May 17 (Bernama) -- Malaysia-Russia cooperation in the scientific field and higher education will be expanded at the 4th Joint Commission for Economic, Scientific, Technical and Cultural Cooperation (JC-ESTC) meeting in Langkawi in November. Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir posted on X that Malaysia-Russia cooperation in such aspects had taken place since both countries agreed to form JC-ESTC in 2015. 'In 2024, the Russian Science and Higher Education Minister jointly chaired the JC-ESTC meeting and identified various improvements in the process of increasing the number of students to both countries, lecturer research cooperation, commerce, culture and tourism,' he said.
The Star
17-05-2025
- Business
- The Star
Malaysia and Russia to expand cooperation in science, higher education
Anwar speaking at a press conference after the Plenary Session of the XVI International Economic Forum "Russia - Islamic World: KazanForum 2025' at Kazan Expo here. – Bernama KUALA LUMPUR: Malaysia and Russia will expand cooperation in the science and higher education at the 4th Joint Commission for Economic, Scientific, Technical and Cultural Cooperation (JC-ESTC) meeting in Langkawi in November. Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir posted on X that Malaysia-Russia cooperation in such aspects had taken place since both countries agreed to form the JC-ESTC in 2015. "In 2024, the Russian science and higher education minister jointly chaired the JC-ESTC meeting and identified various improvements in the process of increasing the number of students to both countries, lecturer research cooperation, commerce, culture and tourism," he said. He added that the matter was brought up in his speech entitled "Topical issues of developing cooperation between Russia and the countries of the Islamic world in the field of science and higher education in the context of a multipolar world order" at the recent 16th Russia-Islamic World International Economic Forum (KazanForum 2025). Zambry is part of the Malaysian delegation accompanying Prime Minister Datuk Seri Anwar Ibrahim, who is on an official visit to Russia at the invitation of President Vladimir Putin, which began on May 13 and ends on Saturday (May 17). – Bernama
The Sun
17-05-2025
- Politics
- The Sun
Malaysia-Russia cooperation in science, higher education to be expanded
KUALA LUMPUR: Malaysia-Russia cooperation in the scientific field and higher education will be expanded at the 4th Joint Commission for Economic, Scientific, Technical and Cultural Cooperation (JC-ESTC) meeting in Langkawi in November. Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir posted on X that Malaysia-Russia cooperation in such aspects had taken place since both countries agreed to form JC-ESTC in 2015. 'In 2024, the Russian Science and Higher Education Minister jointly chaired the JC-ESTC meeting and identified various improvements in the process of increasing the number of students to both countries, lecturer research cooperation, commerce, culture and tourism,' he said. He added that the matter was brought up in his speech entitled 'Topical issues of developing cooperation between Russia and the countries of the Islamic world in the field of science and higher education in the context of a multipolar world order' at the recent 16th Russia-Islamic World International Economic Forum (KazanForum 2025). Zambry is part of the Malaysian delegation accompanying Prime Minister Datuk Seri Anwar Ibrahim, who is on an official visit to Russia at the invitation of President Vladimir Putin, which began on May 13 and ends today.
