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Exchange of Letters regarding Trade

May 05, 1952

EXCHANGE OF LETTERS BETWEEN THE GOVERNMENTS OF INDIA AND SWEDEN FOR THE PROMOTION OF TRADE RELATIONS

New Delhi, 5 May 1952

LETTERS ROYAL SWEDISH LEGATION.

New Delhi, the 5th May 1962.

DEAR MR. SUKTHANKAR,

I refer to our recent discussions regarding trade between India and Sweden for the year 1952 and note that Sweden being treated as a soft currency country, licences for imports into India of any particular goods or commodity from Sweden would be granted on the same basis as liconces for imports from any other country within the soft currency group. This implies that there will be no discrimination against Sweden regarding the import of any particular commodity from countries in this currency group. It further implies that if India enters into any trade agreements with any members of this currency group, Sweden will enjoy the same favours and privileges as those which may be given to the countries with which India may enter into such agreements. I further confirm the agreement reached during our discussions that both the Governments of Sweden and India would use their best endeavours to promote the trade and shipping of the two countries and that they would give a fair and equitable treatment to all questions arising in this connection.

It is noted that India would welcome technical assistance to build up new industries and improve existing ones, and I am glad to state that Sweden will use her best endeavours to meet requests of this kind. The Government of Sweden is prepared to encourage Swedish industries to place their experience at the disposal of India, and it is our understanding that your Government will use its good offices to facilitate Swedish contracts with Indian industry. The actual negotiations will, of course, be for the industrialists on both sides to conduct and any agreement arrived at will be subject to the foreign exchange and other regulations that may be in force.

I take this opportunity to confirm that the liberalisation of imports into Sweden from the countries in the Organisation for European Economic Co-operation will continue to be extended to imports from India subject to your reply.

Yours sincerely,

(Sd. ) PER WIJKMAN.

Y.N. SUKTHANKAR, Esq.,
Secretary to the Government of India, Ministry of Commerce and Industry, New Delhi.

GOVERNMENT OF INDLA,
MINISTRY OF COMMERCE AND INDUSTRY

New Delhi, the 5th May 1962

DEAR MR WIJKMAN,

Thank for your letter of today's date setting out the results of recent trade discussions between representatives of the Swedish and Indian Governments. I confirm that the letter represents correctly the understanding reached subject to the following:—

  • With reference to the first paragraph of your letter it is understood that Sweden will continue to receive soft currency treatment during the period of the agreement. Reservation is, however, made for any emergency measures that may be necessitated by the balance of payments situation.
  • In regard to the last sentence of the first paragraph of your letter, it is correct to say that it is the intention of the Government of India not to extend any discriminatory treatment in or through Trade Agreement to any country of the same currency group. The Government of India will make every endeavour to adhere strictly to this position.
  • We are making certain exceptions in our import trade control regulations in respect of certain commodities brought into India, from neighbouring countries in sailing vessels.
  • There are also certain relaxations in the matter of import regulations in favour of imports from neighbouring countries such as, Afghanistan, Burma and Ceylon. I take this opportunity of thanking the Swedish Government for extending to India the import liberalisations which have been granted to countries which are members of the Organisation for European Economic Co-operation. It is understood that the reservation made under (a) will apply also for Sweden and that Sweden may re-examine the application in regard to India of the import liberalisation indicated here in case of emergency measures taken by India.

Yours sincerely,

(Sd.) Y.N. SUKTHANKAR.

H.E. MR. PER WIJKMAN
Envoy Extraordinary and Minister Plenipotentiary for Sweden in India,
11, Ratendone Road, New Delhi.

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