international
India-Russia FTA talks with EAEU reach advanced stage, says Russian Deputy PM Manturov
India and Russia's FTA negotiations are in an advanced stage, aiming for sustainable trade growth. This agreement will grant India access to the Eurasian region's rich energy and mineral deposits. Bilateral trade has significantly increased, with both nations pursuing a $100 billion target by 2030. Connectivity initiatives, including the Northern Sea Route, are also being explored for mutual benefit.
Context
India and Russia are in advanced stages of negotiating a **Free Trade Agreement (FTA)** with the Russia-led ** (EAEU)**, aiming for a bilateral trade target of $100 billion by 2030. Discussions during the 27th Session of the India-Russia Inter-Governmental Commission focused on diversifying trade, securing critical minerals, addressing trade imbalances, and expanding cooperation in nuclear energy, space, and the ****.
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AI-generated study notes · sourced from Economic Times