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Russia hopeful of India’s free trade pact with EAEU
Why is it in news?
- Russia is looking forward to India concluding a new Free Trade Agreement with the Eurasian Economic Union (EAEU), its Ambassador Nikolay Kudashev said on Monday.
More in news
- Russian statement
(1) Both countries would move forward on military and technical cooperation based on commitments, with Russia seeking de-escalation of the domestic challenges that arose after the adoption of the new citizenship law in India.
(2) In 2020 we are hopeful of an early conclusion of the Free Trade Agreement between the EAEU and India and the next round of the Russian-Indian Strategic Economic Dialogue with the focus on transport, agriculture, small and medium enterprises
- Eurasian Economic Union
(1) The Eurasian Economic Union (EAEU) is an economic union of states located in central and northern Asia and Eastern Europe.
(2) Members: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia
Source
The Hindu, Wikipedia