India Denmark Relations: Political, Trade and Economic Relations

Context:  

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

75 Years Of India Denmark Relations

• 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.

India Denmark Relations

• India Denmark Relations: Political and Bilateral Ties

• • 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.

News source: News on AIR

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