January 2019 \ Cover Story \ DIPLOMATIC INTERVIEW
“There is momentum in Finland-India relations”

From growing interest among Finnish businesses in India to greater tourism flow from India to Finland, plenty of bilateral action is happening on either side. Besides, trade flow is improving and with a few more likely agreements in place soon, volumes are expected to go up significantly. Ambassador Nina Vaskunlahti who has completed two years in India spoke to Editor and Publisher SayantanChakravarty on a range of subjects highlighting India-Finland relations

During the last decade trade between India and Finland has increased significantly. Please throw light on the volume of bilateral trade, and where do you see it going in the foreseeable future…

Indeed in the last few years trade between the two countries has increased. Presently the volume of bilateral trade is about 1.5. billion Euros, not very unimpressive given the size of our nation. Our exports to India include mainly logistics and telecommunication equipment, machinery, pulp and paper. The machinery relates mostly to the chemical and binding industries. The volume of services—whether in tourism, IT or IT-enabled services is increasing quite rapidly. The balance of trade is 70:30 in favor of Finland. Going forward we would, of course, like to see more trade between our two nations. Negotiations for free trade agreements between India and the EU should be recommended.

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