H.E. Ambassador Patrick A. Chuasoto met with Ms. Christine Bäckström, Chief Executive Officer of the International Council of Swedish Industry (NIR), on 16 May 2025 (Friday), in Stockholm, Sweden.

During the meeting, Ms. Bäckström shared the NIR’s mission to improve conditions for doing sustainable business and promote sustainable and inclusive economic development in low- and middle-income countries. Ms. Bäckström described NIR as the “foreign ministry of business”.

Both sides also exchange views on possible initiatives with the Philippines in the areas of mobility and transportation, sustainable and socially-responsible mining, digital banking, and telecom diplomacy as well as global trends and issues.

NIR is a member-based, non-profit organization focused on improving business conditions and promoting sustainable, inclusive economic development in complex markets.  NIR members include: Atlas Copco, Boliden, Electrolux, EKN, Epiroc, Ericsson, Hitachi Energy, Saab, Sandvik AB, Scania, SEB, SEK (Swedish Export Credit Corporation), Siemens Energy, AB SKF, Tetra Laval Group, Volvo Group. All of the members have, in one way or another, a presence in the Philippines. END