Swedish Prime Minister Ulf Kristersson on Sunday (local time) expressed confidence that trade and investment ties between India and Sweden could double within five years, highlighting growing economic cooperation and the opportunities expected from a future India-European Union free trade agreement.
In a post on X, Kristersson said, “We share a common ambition to double our bilateral trade and investments within five years. At the current pace, I believe it could become reality even sooner.”
The Swedish Prime Minister said Sweden, despite being a small country, remained a major global trading nation and pointed to expanding economic prospects with India. “Sweden is a small country but a major trading nation. Thanks to Prime Minister Modi and European Commission President von der Leyen, great opportunities lie ahead of us,” he said.
Kristersson also underlined the expected economic benefits of a free trade agreement, particularly for employment generation in Sweden. “Our free trade agreement is estimated to create around 23,000 new jobs in Sweden more than 6,000 of them here in the Gothenburg region,” he said.
Emphasising that the agreement would open the door to broader long-term cooperation, Kristersson added, “But I see our free trade agreement not as the end of the road, but as the beginning of a new journey.”
