New Delhi | February 2, 2026 | SKY LINK TIMES
Finland-India Trade May Double to 6 Billion Euros:
Trade in goods and services between Finland and India, currently valued at around €3 billion, could double to €6 billion by 2032, driven by the opportunities arising from the recently concluded EU–India Free Trade Agreement (FTA), Finland’s Ambassador to India Kimmo Lahdevirta said on Monday.
The ambassador described the EU-India FTA as a historic milestone, calling it the largest trade agreement ever concluded by either the European Union or India.
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EU-India FTA a Game-Changer
“Trade in goods and services between Finland and India is now around €3 billion. Considering the benefits the FTA will bring, we should aim at doubling it by 2032,” Lahdevirta said.
He noted that the agreement comes at a crucial time when strengthening global partnerships has become increasingly important amid geopolitical and economic uncertainty.
According to the ambassador, the successful conclusion of the FTA negotiations marks a new phase in EU-India relations, extending beyond trade to deeper economic and political cooperation.
Importance of Stronger India Partnership
Lahdevirta stressed that closer cooperation with India is particularly significant in the current global environment, where resilient supply chains and diversified partnerships are a priority for European economies.
He highlighted that Finland’s engagement with India has been steadily growing, with bilateral trade already touching €3 billion across goods and services.
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Predictable Framework to Boost Business
The Finnish envoy said the free trade agreement would create a more predictable and open framework for businesses, encouraging companies from both countries to expand their footprint in each other’s markets.
“This will help unlock new opportunities in areas such as technology, services, manufacturing and innovation,” he said.
The FTA is expected to lower trade barriers, improve market access, and enhance investor confidence, benefiting both Finnish and Indian enterprises.
Outlook: Trade and Investment Growth Ahead
Expressing optimism about the future,Kimmo Lahdevirta said he expects a significant increase in trade and investments between Finland and India in the coming years.
He added that stronger economic ties would further cement the long-term partnership between the two countries under the broader EU–India strategic framework.
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