OSLO: Marking their first official engagement, Prime Minister Narendra Modi held a bilateral meeting with the newly elected Prime Minister of Iceland, H.E. Ms. Kristrún Frostadóttir, on the sidelines of the 3rd India-Nordic Summit.
During the interaction, Prime Minister Modi formally congratulated Prime Minister Frostadóttir on her historic election as the youngest Prime Minister in Iceland’s history.
Unlocking the India-EFTA Potential
The cornerstone of the discussion centered on the implementation of the landmark India-European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA).
Both leaders concurred that the TEPA framework creates an unprecedented institutional pipeline to:
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Boost Trade & Investment: Attract specialized capital flows and remove trade barriers.
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Expand Manufacturing: Deepen industrial and production collaborations between the two economic zones.
Key Sectors of Strategic Cooperation
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Green Energy & Arctic Science: The leaders evaluated ongoing partnerships in geothermal energy—where Iceland holds global expertise—and discussed expanding joint initiatives in Arctic research.
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Blue & Creative Economies: Discussions covered enhancing technical cooperation in sustainable fisheries, innovative technologies, the creative economy, and culture.
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Mobility & Tourism: Both sides committed to smoothing mobility pathways for professionals and boosting bilateral tourism.
An Invitation to India
To maintain the high-level momentum of the bilateral relationship, Prime Minister Modi extended a formal invitation to Prime Minister Frostadóttir to undertake an official visit to India at a mutually convenient date.
