ENA Global 2025-06-09 16:45:48 <p><span style="font-size:14px"><strong>New Delhi, June 9 (KNN) </strong>Indias Commerce and Industry Minister Piyush Goyal is set to embark on a strategic tour of Switzerland and Sweden aimed at advancing Indias trade and investment partnerships with Europes pivotal economies.</span></p> <p><span style="font-size:14px">In Switzerland, Goyal will further commitments under the India‑European Free Trade Association (EFTA) Trade &amp; Economic Partnership Agreement (TEPA), which was signed in March 2024.</span></p> <p><span style="font-size:14px">The accord envisions a USD 100 billion investment inflow and the creation of one million jobs in India over 15 years, with Switzerland being one of the four key EFTA nations.</span></p> <p><span style="font-size:14px">Goyals visit will involve high‑level meetings with Swiss officials, investors, and the Indian diaspora, continuing the efforts launched during his Zurich meeting with WTO Director‑General Ngozi Okonjo‑Iweala and Swiss leaders last July.</span></p> <p><span style="font-size:14px">Key agenda items include assessing investor interest in infrastructure, manufacturing, airport modernisation, and other priority sectors under TEPA.</span></p> <p><span style="font-size:14px">Goyal is expected to emphasize the legally binding nature of the investment commitments and reinforce Indias readiness to pause tariff concessions if targets arent met.</span></p> <p><span style="font-size:14px">Next, in Sweden, Goyal is scheduled to meet with Swedish Foreign Affairs Minister Maria M. Stenergard to explore pathways for enhanced bilateral trade and investment growth.</span></p> <p><span style="font-size:14px">The two nations already enjoy a robust economic partnership: India ranks as Swedens third-largest Asian trading partner, witnessing a 27 per cent YoY trade increase, while Swedish companies in India have surged by 70 per cent since 2018.</span></p> <p><span style="font-size:14px">These visits come as India and the EU have intensified Free Trade Agreement (FTA) discussions, with three high-level rounds conducted in the past 35 days &mdash; signalling renewed momentum in European trade ties.</span></p> <p><span style="font-size:14px">Through these engagements, India aims to secure trade and investment pacts with major European partners, supporting its broader economic strategy.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42377 https://knnindia.co.in/news/newsdetails/global/piyush-goyal-to-visit-switzerland-sweden-to-deepen-trade-engagements 2025-06-09 16:45:48 knnindia.co.in