India, EAEU ink pact to launch FTA talks
It consists of EAEU, Russia, Armenia, Belarus, Kazakhstan and Kyrgyz Republic.
“The Ministry of Commerce and Industry said in a statement,” 6.5 trillion dollars proposed with the United GDP FTA’nın Indian exporters to expand market access, new sectors and geographies to support diversity, increase the competitiveness against non -market economies and micro, small and medium -sized enterprises (MSMes) is expected to provide significant benefits. “
Tor was signed during his visit to Moscow by Foreign Minister S Jaishankar. The government provides a framework for negotiations and is expected to open unused trade potential, increase investments and create a more powerful, durable India-Eseu economic partnership.
India-Eeeu Bilateral Trade increased by 7% in 2024 in 2024 and was $ 69 billion.
According to the Ministry, TOR, Additional Secretary, Ministry of Commerce, Ajay Bhadoo and Trade Policy Department, Eurasian Economic Commission, Mikhail Chterekaev.bhadoo was signed. “The heads of the negotiation groups, the presidents of the negotiations, the milestone obtained by the signing of Tor brifikti and the future trade agreement, including the organizational aspects of the negotiation process to officially start the process,” he discussed the next steps. ” It strengthens access to export markets and an economy of $ 6.5 trillion, which will open new opportunities for Indian exporters and increase our competitiveness in the region.
India’s machinery, metal products, rubber and plastics, farm goods and medicine exports can earn from an agreement.
