India, Russia push $100bn trade target, advance EAEU FTA

THE DIALOGUE ALSO FOCUSED ON MEASURES FOR LOGISTICS AND STANDARDS TO IMPROVE EASE OF DOING BUSINESS FOR FIRMS IN BOTH COUNTRIES

- Rajeev Jayaswal

India and Russia reiterated their resolve to achieve $100 billion bilateral trade by 2030 in Moscow on Sunday and reviewed next steps for the India-Eurasian Economic Union (EAEU) free trade agreement in goods, the commerce ministry said.

Commerce secretary Rajesh Agrawal reviewed the progress of India-EAEU FTA negotiations in a series of meetings in Moscow with Eurasian Economic Commission's minister in-charge for trade Andrey Slepnev and Russian deputy minister of industry and trade Mikhail Yurin, the ministry said in a statement on Sunday. EAEU is the five-member postSoviet bloc led by Russia with a combined bloc of $6.5 trillion GDP. Other members are Armenia, Belarus, Kazakhstan and Kyrgyz Republic.