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๐Ÿ‡ฎ๐Ÿ‡ณ India /Economy & Trade

India, Slovakia agree on strengthening ties

From Hindustan Times · () English

Summarized and contextualized by DistantNews.

At a glance

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  • India and Slovakia elevated their bilateral relations to a comprehensive partnership, signing agreements on defense, labor mobility, digital technologies, and cybersecurity.
  • Prime Minister Narendra Modi highlighted cooperation potential in automobiles, railways, space, advanced manufacturing, and artificial intelligence, also emphasizing the India-EU free trade agreement.
  • Slovakia expressed support for India's permanent membership in an expanded UN Security Council and noted the benefits of the India-EU trade deal for its automotive sector.

India and Slovakia have forged a comprehensive partnership, marking a significant step in their bilateral relations. The agreement, reached during Prime Minister Narendra Modi's visit, encompasses cooperation in crucial sectors like defense, labor mobility, digital technologies, and cybersecurity.

I express my special gratitude to the PM for Slovakiaโ€™s support in finalising the India-European Union (EU) free trade agreement. We will work towards its early implementation so that industries, startups and businesses in both countries can derive maximum benefit.

โ€” Narendra ModiSpeaking in Hindi at a joint media interaction with Fico about the India-EU free trade agreement.

Modi, the first Indian premier to visit Slovakia since its independence, emphasized the shared trust and priorities between the two nations. He pointed to substantial potential for collaboration in advanced manufacturing, artificial intelligence, automobiles, railways, and space technology. The Prime Minister also underscored the importance of the India-European Union free trade agreement, urging its early implementation to benefit businesses in both countries.

We emphasised the need to enhance cooperation between the industries and experts of both nations in this sector.

โ€” Narendra ModiDiscussing civil nuclear energy cooperation between India and Slovakia.

Defense cooperation is set to gain new momentum with a signed letter of intent, fostering joint development and production between the defense industries. Civil nuclear energy was identified as a priority, building on the successful launch of Slovakia's first satellite by India in 2017. Additionally, a memorandum of understanding on labor migration aims to enhance the mobility of professionals and skilled workers, with a social security agreement expected soon.

Slovakia supports the reform of the United Nations and backs India to be part of an expanded Security Council as a permanent member.

โ€” Robert FicoAffirming Slovakia's stance on UN reform and India's Security Council aspirations.

Slovak Prime Minister Robert Fico affirmed a shared vision on sovereign foreign policy, international law, and multilateralism. He voiced Slovakia's support for UN reform and India's bid for a permanent seat on an expanded Security Council. Fico also anticipates benefits for Slovakia's automobile sector from the India-EU trade deal and expressed interest in attracting Indian investments, particularly in public-private partnerships.

While welcoming the conclusion of negotiations between India and the EU on โ€œone of the most ambitious FTAsโ€, Fico said Slovakiaโ€™s automobile sector will benefit from the trade deal.

โ€” Robert FicoCommenting on the India-EU free trade agreement and its impact on Slovakia's automotive industry.
DistantNews Editorial

Originally published by Hindustan Times. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.