India and Slovakia Strengthen Bilateral Trade and Economic Cooperation

Bratislava: Prime Minister Narendra Modi on Monday thanked his Slovakian counterpart, Robert Fico. He expressed gratitude for Fico’s support in finalising the historic India-European Free Trade Agreement (FTA). Addressing a joint press meeting in Slovakia’s capital city, Bratislava, PM Modi affirmed his commitment to ensuring early implementation of the FTA. This is intended to help the two countries, their industries, startups, and traders avail “maximum benefits.” “I express special gratitude to the Prime Minister of Slovakia’s support in finalising the India-EU FTA. We will work towards its early implementation. This way, industries, startups, and traders from both countries can reap maximum benefits,” PM Modi said. Furthermore, PM Modi hailed the growth in bilateral trade and economic cooperation, reflecting on the potential for further growth. He stated that the leaders discussed combining their strengths in various fields and redirecting their cooperation. “Today, the Prime Minister and I discussed in detail how to give a new direction and new energy to our cooperation. The progress in our bilateral trade and economic cooperation is a matter of satisfaction for us. But our potential is vast. Our aspirations are even greater. Automobiles, railways, advanced manufacturing, and green technology are areas of special interest to us. Today, we combined our strengths in all these areas. As a result, we took several important decisions for the benefit of the people of both countries,” he said. Meanwhile, Slovakia’s Prime Minister Fico, in his press statement, lauded India’s rapid economic growth, digital transformation, and advances in artificial intelligence. He stated that the country has outpaced many advanced nations in key sectors. After an exchange of MoUs and joint press statements with Prime Minister Narendra Modi in Bratislava, Fico said Slovakia and India are linked by several common interests. He also expressed admiration for India’s achievements across multiple fields. The Slovak Republic and India are countries that are connected by several common topics. I would like to congratulate India for the fantastic results that you are achieving,” Fico said. The Slovak leader congratulated India for its progress in various sectors, particularly digitalisation and artificial intelligence. “I congratulate for the results you have achieved in different areas. You dominate in the field of digitalisation and the use of AI. You have come so far that you are faster than many advanced countries in different parts of the world,” he said. Drawing a comparison with Europe, Fico noted that the European Union (EU) continues to face economic challenges. He suggested that India’s growth trajectory offers valuable lessons. “We are struggling in the EU. What could the EU do if we could achieve 6-7 per cent growth?” Fico stated. (ANI) Also Read: “Miracle”: Slovak PM Fico congratulates PM Modi on becoming India’s…