STOCKHOLM, Feb. 15 (Xinhua) -- Sweden welcomed green light for the start of the talks on free trade between the European Union (EU) and the United States (U.S.), which was expected to boost trade between Sweden and the U.S. in the future, said the Swedish government on Friday.
With a trade and investment agreement between the EU and the U.S., Swedish exports to the U.S. was expected to increase by 17 percent while import from the U.S. to Sweden would increase by 15 percent, showed a report presented by the Swedish Ministry for Foreign Affairs commissioned from the National Board of Trade.
The report also estimated that the trade would increase by 20 percent in both directions across the Atlantic.
"I am very pleased that both parties are now prepared to take further steps towards a greater exchange of ideas, products and services, " said the Swedish Minister for Trade Eva Bjorling in a statement.
She added that by continuing to develop the world's largest integrated economic relationship, opportunities would increase for growth for the combined population of 800 million.
The negotiations between the EU and the U.S. were expected at the summit late this year after the U.S. Administration had consulted with Congress and the EU member states had given the Commission the negotiating mandate, according to the statement.