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'India-EU FTA will be negotiated at aggregate level': Swedish envoy

Sweden envoy Klas Molin spoke on the Free Trade Agreement (FTA) between European Union and India. Molin said FTA will be negotiated at an aggregate level as per the mechanism set up during the last summit. “I know there are high talks going on about investment and trade. There is a special mechanism set up during the last summit between India and the EU. So, agreements on this will be negotiated at an aggregate level. Bilaterally a lot is happening as Swedish companies are employing heavily. Swedish companies are employing lots of people, creating jobs and growth,” he said. Earlier on Friday, PM Modi held a virtual interaction with his Swedish counterpart Stefan Lofven. The two leaders discussed bilateral ties and called for further cooperation on climate change.

India-EU FTA will be negotiated at aggregate level: Swedish envoy

Sweden Ambassador to India, Klas Molin, on March 06 said that the Free Trade Agreement (FTA) between the European Union (EU) and India will be negotiated at an aggregate level as per the special mechanism set up during the last summit. "Trade agreements, as Sweden is member of EU, is negotiated by European Commission. Talks on for investment and trade, special mechanism was set up during last summit between India and EU so agreements on it will be negotiated at aggregate level," said Molin. On Mar 05, Prime Minister Narendra Modi held a virtual interaction with his Swedish counterpart Stefan Lofven where the two leaders discussed bilateral ties and called for further cooperation on climate change.