India-Finland affirm economic & cultural cooperation, tourism developement

New Delhi: The 19th Session of the India-Finland Joint Commission was held in New Delhi on 20 & 21 November 2019. The Technical Session was held on 20 November 2019, and the Joint Commission Session was held on 21 November 2019. The Joint Commission Session was co-chaired by Nidhi Mani Tripathi, Joint Secretary, Department of Commerce, Government of India, from the Indian side, and by Piritta Asunmaa, Director General, Department for the Americas and Asia, Ministry for Foreign Affairs of Finland, from the Finnish side.

The agenda for the Joint Commission Session was WTO issues, India – EU Broad-based Trade and Investment Agreement (BTIA), bilateral trade and investment relations, trade barrier issues and measures to promote trade, cooperation in the sectors of power, petroleum and gas, new and renewable energy, environment, cleantech, science, technology and innovations, education and skill development, and labour mobility, digitalization including ICT, transportation, cooperation in the textiles sector, cultural cooperation and tourism cooperation.

Both sides reiterated the useful role of the Joint Commission as a forum for strengthening economic relations between India and Finland. The deliberations of the Joint Commission reaffirmed the partnership between the two countries. Both sides also reaffirmed their will to continue their cooperation, in order to further expand the common ground that will reinforce the existing partnerships and create space for future opportunities.

This year marks the 70th anniversary of India – Finland diplomatic relations. Both India and Finland cooperate on a wide array of issues and as a member of EU, Finland regards India as a strategic partner for balanced and comprehensive trade relations.

Bilateral trade between India and Finland totalled USD 1.247 billion in 2014-15 and USD 1.284 billion in 2016-17. In 2016 Finnish companies have invested USD 419 million between April 2000 to July 2017. Approximately 100 Finnish companies have operations in India and about 30 Indian companies mainly in the software and consultancy sector are active in Finland.

The Indian delegation was led by Nidhi Mani Tripathi. The delegation comprised of senior officials from Department for Promotion of Industry and Internal Trade (DPIIT) and Ministries of New and Renewable Energy, Environment, Forests and Climate Change, Skill Development and Entrepreneurship, Electronics and IT, Road Transport and Highways, Civil Aviation, Textiles, Culture, Tourism and Power, Science and Technology, Biotechnology, Higher Education and Telecommunications. Representatives of various Departments of Government of India were also part of the delegation.

The Finnish side was led by Piritta Asunmaa. The Finnish delegation comprised of representatives of Ministries for Foreign Affairs, Economy and Employment and Education and Culture, officials from the embassy of Finland in New Delhi along with representatives of Finland Chamber of Commerce and Confederation of Industries.

The Finnish side invited India for the 20th session of the Joint Commission in Helsinki in 2021.

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The ID Staff

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