BILATERAL TIES

“In the past, Slovakia has always been considerable trading partner of India. Our most traded goods were products of heavy engineering and military industry. In this regard I believe that there is a huge potential to continue in this cooperation. Due to the size of Indian contracts most of our entrepreneurs cannot cover them alone. Therefore they do it as joint ventures with their Indian partners. In this regard I believe that the long expected agreement on loan issuing and loan insurance between Slovak Exim Bank and the State Bank of India that will be signed this year will be also helpful. These and many more other questions were also discussed at the 10th session of Joint Economic Committee that took place on 13th February 2019 in Delhi and I believe we will develop them even more during the next session in Bratislava.”

—H.E. Mr Ivan Lancaric, Ambassador of Slovak Republic to India