You are here: Home » PTI Stories » National » News
Business Standard

India should open up for more collaborations: Finland envoy

Press Trust of India  |  Hyderabad 

: should open up for more collaborations with other countries, though Modi's dream "Make in India" programme may not be termed as "protectionism", said.

The envoy, during her recent visit to the city, said there were areas of concern for the such as intellectual property rights, protection to investments and services that are to be thoroughly discussed for the Free Trade Agreement with

She also hoped bilateral trade between and which was pegged at 1.5 billion Euros currently may certainly witness growth in future.

"Let us say that use of the word protectionism is a little bit too much, but I would say that more open the country, more benefits for its own concerned," the to India told PTI.

"Let us say that, I can understand programme. From the Indian point of view, it might increase local production and create employment, etc. But I think at the same time India should be open for collaboration, ideas to come in. Let's say Finnish ideas to India and Indian ideas to Finland," she added.

As far as bilateral trade with India, she said it was more exports from Finland.

"The current figure is Euro 1.5 billion for the year 2017 that includes goods and services. It is more exports from Finland to India. It is 55:45. There is lot of potential that it would grow further in the coming years," Vaskunlahti explained.

including Finland cannot have direct FTA with India as they are part of the EU, she said adding some issues will have to be sorted out before the FTA is finalised.

"There are quite many issues in the FTA negotiations (between India and EU). There are tariff issues, in particular car and car parts, alcohol. We have difficulties in agriculture, there are issues concerning services and intellectual property rights. And issues concerning workers' rights. There are quite big thing unfortunately," she said.

However, she hoped there would be interest on both sides to find solutions as India is an important partner for and vice-versa.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, July 08 2018. 13:50 IST
RECOMMENDED FOR YOU