India Denmark Relations: Political, Trade and Economic Relations

GS Paper II International Relations

Context:

The year 2024 will complete 75 years of diplomatic relations between India and Denmark

India’s External Affairs Minister met the visiting Danish Foreign Minister at the sidelines of the Raisina Dialogue 2024 in New Delhi.
A joint logo was unveiled by the ministers to mark the 75 years of diplomatic ties between the nations.
The two countries agreed to expand their partnership into new areas, including defence, security and new technology.
To explore the possibilities of a Danish contribution to the Indo-Pacific Oceans Initiative.

The Raisina Dialogue

Origin: The name of the conference is derived from Raisina Hill, a New Delhi seat of the Government of India & the Presidential Palace, Rashtrapati Bhavan.
It is an annual event and India’s flagship Geopolitics and Geoeconomics conference. The first Session was held in 2016.
Host: The Observer Research Foundation (ORF) and the Ministry of External Affairs,
Objective: To share unique perspectives, concerns, and experiences build consensus, and strengthen communities for our common future.

India Denmark Relations

- Green Strategic Partnership: The relationship was elevated to the level of “Green Strategic Partnership” in 2020
  - An agreement was finalised for a mid-term review of the Green Strategic Partnership at the earliest in 2024.
  - Agreed to work towards a Comprehensive Green Strategic Partnership once the existing Joint Action Plan ends in 2026
- Minister-level Consultations: Joint Commission Meeting at the Foreign Ministers’ level since 2008 and the Foreign Office Consultations at Secretary-level provide the broad framework for bilateral consultations encompassing all areas of mutual interest.
- Mobility and Migration Agreement: A mobility and migration partnership agreement was signed to explore the recruitment of Indian healthcare professionals for employment in Denmark.
India Denmark Relations: Commercial and Economic Relations
- Trade: The total volume of bilateral trade in goods and services between India and Denmark rose to around USD 6.64 billion in 2022, registering a CAGR of around 33.87% yearly.
- Indian Exports: Textiles, apparel and yarns related, vehicles and components, metal goods, iron and steel, leather and footwear, and travel goods.
- Indian Imports: Medicinal/pharmaceutical products, power generating machinery, industrial machinery, metal waste and ore, and organic chemical
Indian Diaspora: The size of the Indian community in Denmark, inclusive of both NRIs and PIOs is approx 18,492.

Also Read: Raisina Dialogue 2024: Background, Date, and Theme

News source: News on AIR

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