Introduction<br />Sweden is located on the Scandinavian Peninsula ,Northern Europe<br />Stockholm is the capital<br />Neighboring Countries Finland, Denmark, Norway ,Iceland , Russia and some CIS Countries<br />A constitutional democracy with parliamentarian form of Govt<br />GDP (PPP) of $338.5 billion , number 4 in the global competitiveness , Number 7 in HDI <br />Population 9.02 mn Third largest country in European Union<br />Part of EU since 1995 but uses currency as Swedish Krona<br />1 SEK= Rs 6.98 (Finance.yahoo.com)<br />
Culture<br />Highly Democratic People rated number 1 in survey of Democracy by The Economist<br />They are keen listeners and like to listen more than speak<br />Not encouraged to compete due to the egalitarianism in Sweden.<br />They speak 4 languages apart from Swedish Danish , Norwegian, Icelandic and English<br />Religion :- 87% Lutheran (Protestants) and 13% others<br />
Business Ettiquetes<br />Meeting and Greeting<br />They are very reserved so be formal until they open up<br />Firm handshake and Eye Contact<br />Address your host with Professional titles with surname Dr Fern Mr xxx Mrs YYY they are ok if you call all ladies by Ms<br />
Trade India - Sweden<br />Total Exports $148 Bn 81681567 MT<br />Total Imports $164 Bn 89858046 MT<br />Total Export to India $1.77 Bn, 309972 MT Freight<br />Total Import from India $673.5 MN 130956 MT Freight<br />
Top 5 exports to India of Sweden in Tones<br /><ul><li> Top 5 Exports to India in terms of USD</li></li></ul><li>Top 5 Imports from India MT<br />Top 5 Imports from India USD<br />
Sweden is majorly dependent on Motor Industry and Weapon in its exports<br />The major raw material used is the Steel and Aluminum in these industries<br />The ore for these metals are bauxite and iron ore which is available in abundance in India also India is exporting these to several countries<br />Sweden imports large amount of bauxite/alumina and Iron ore but not from India ($ 888 Million 2008)<br />No import duty its free trade economy so no hassles in exporting from India<br />
India Bauxite and Iron Ore Reserves<br />India is 3rd largest producer of Bauxite with reserves of 2,650 mn tons it is the cheapest in the world in terms of Cost per ton to acquire alumina ,USP.<br />India is 5th largest producer of Iron ore with reserves of 13,400 Mn tons <br />Export restrictions on aluminum ore and Iron Ore not there <br />
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