Originally published on www.thehindubusinessline.com on March 16, 2017
Indian and Russian authorities are both eager to establish a Free Trade Agreement and execute the International North South Transport Corridor to expand the volume of bilateral trade.
“Negotiations are going on for an FTA between India and the Eurasian Economic Union that includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.” –Nirmala Sitharaman, Minister for Commerce and Industry
Prime Minister Narendra Modi and Russian President Vladimir Putin have established a rather aggressive schedule for increasing the current bilateral trade of $6.3 billion to $30 billion by 2025. Investigate more about the actions targeted at achieving this trade plan.