Piyush Goyal on Switzerland and Sweden Visit to Boost Trade Ties
Union Minister Piyush Goyal during India-France Business Conference on June 4! (Image credit Commerce ministry)
High-level meetings, industry engagements, and joint commission talks to deepen India’s economic cooperation with Europe
By TRH News Desk
NEW DELHI, June 9, 2025 — Union Minister of Commerce and Industry Piyush Goyal began his official visit to Switzerland on Monday, marking the start of a five-day tour across Switzerland and Sweden aimed at strengthening India’s economic and trade partnerships with key European economies.
The visit, from June 9 to 13, is part of India’s broader strategy to enhance bilateral and multilateral trade ties, promote investment opportunities, and foster resilient economic cooperation with innovation-driven economies in Europe.
In Switzerland, Minister Goyal will engage with global CEOs and senior industry leaders across critical sectors including pharmaceuticals, life sciences, precision engineering, machine tools, and high-tech manufacturing. He is also scheduled to hold a high-level meeting with Swiss Federal Councillor Guy Parmelin to discuss strategic trade and diplomatic relations.
The Minister’s engagements will include one-on-one meetings with top Swiss firms, participation in the Swissmem Industry Day, and a Business Round Table with the Swiss Mechanical and Electrical (MEM) Industry. These interactions will focus on advancing discussions around the India-EFTA Trade and Economic Partnership Agreement (TEPA), which holds potential to significantly boost bilateral trade and investment flows.
Goyal will also meet members of the ICAI Zurich Chapter and interact with Indian media representatives, strengthening business and cultural connections with the Indian diaspora in Switzerland.
In Sweden, Minister Goyal will co-chair the 21st Session of the Indo-Swedish Joint Commission for Economic, Industrial and Scientific Cooperation (JCEISC) alongside Benjamin Dousa, Sweden’s Minister for International Development Cooperation and Foreign Trade. The Joint Commission will explore avenues for cooperation in advanced manufacturing, innovation, green technologies, and sustainable solutions.
The Minister will hold bilateral talks with Minister Benjamin Dousa and State Secretary Håkan Jevrell, focusing on unlocking new trade opportunities aligned with India’s long-term economic growth agenda.
A key highlight of the Sweden leg of the visit will be the India-Sweden Business Leaders’ Round Table, featuring top firms such as Ericsson, Volvo Group, IKEA, Sandvik, Alfa Laval, and SAAB—all of which have established or growing interests in India.
Minister Goyal will also connect with the Indian community in Sweden and address media, reiterating India’s commitment to inclusive and innovation-led global partnerships.
The visit underscores India’s resolve to transform strategic alignments with Europe into dynamic and future-ready economic relationships, promoting shared prosperity and technological collaboration.
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